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How to activate BingX contract
To activate BingX Contract Trading, first ensure you meet the eligibility requirements, including having a verified BingX account and completing the risk assessment.
Dec 02, 2024 at 04:36 pm
How to Activate BingX Contract
Ensure You Meet the Eligibility Requirements
- Be of legal age in your jurisdiction.
- Have a verified BingX account.
- Complete a simple risk assessment to ensure you understand the risks involved in futures trading.
Locate the Contract Trading Section
- Log in to your BingX account.
- Go to the "Trade" section and select "Futures."
- You will be redirected to the contract trading page.
Select a Futures Market
- BingX offers a wide range of futures markets, including perpetuals, quarterly futures, and leveraged tokens.
- Choose the market you wish to trade based on your risk appetite and trading strategy.
Open an Isolated or Cross Margin Order
- Isolated margin: Your profits and losses are isolated to a specific account balance.
- Cross margin: Your entire account balance is used as collateral for the order.
Customize Your Order Parameters
- Set the order type (market or limit).
- Specify the order quantity and price.
- Adjust leverage (the amount you borrow from the exchange to increase your trading power).
Place an Order
- Carefully review your order details.
- Ensure you fully understand the potential risks and rewards.
- Click the "Buy" or "Sell" button to place your order.
Monitor Your Order
- The status of your order will be displayed in the "Orders" section.
- You can track its progress and make necessary adjustments.
Additional Tips:
- Start with a small amount of capital to mitigate potential losses.
- Use stop-loss and take-profit orders to manage risk.
- Regularly monitor the markets to identify trading opportunities.
- Seek advice from experienced traders or consult educational resources to enhance your knowledge.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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