-
Bitcoin $94,601.3740
-0.46% - Ethereum
$1,803.1722
0.15% - Tether USDt
$1.0003
0.01% - XRP
$2.2428
-2.86% - BNB
$601.9676
-0.67% - Solana
$146.0409
-1.48% - USDC
$1.0000
0.01% - Dogecoin
$0.1750
-2.52% - Cardano
$0.6972
-1.37% - TRON
$0.2436
-2.24% - Sui
$3.5419
-0.10% - Chainlink
$14.6114
-3.42% - Avalanche
$21.8123
-0.68% - Stellar
$0.2779
-2.29% - UNUS SED LEO
$8.9757
0.29% - Toncoin
$3.2041
-2.28% - Shiba Inu
$0.0...01341
-2.74% - Hedera
$0.1871
-1.71% - Bitcoin Cash
$361.1034
-2.27% - Litecoin
$86.4010
-0.50% - Polkadot
$4.1248
-3.65% - Hyperliquid
$18.5266
-2.41% - Dai
$1.0001
0.00% - Bitget Token
$4.3856
-0.83% - Monero
$272.2551
1.50% - Ethena USDe
$0.9996
0.00% - Pi
$0.5893
-3.04% - Pepe
$0.0...08845
-0.88% - Aptos
$5.3889
-4.64% - Uniswap
$5.2852
-3.26%
Bitfinex perpetual contract stop profit and stop loss tutorial
Placing stop-loss and stop-profit orders on Bitfinex's perpetual contract market enables traders to manage risk by automatically executing trades at predetermined prices.
Nov 08, 2024 at 10:34 pm
Bitfinex Perpetual Contract Stop Profit and Stop Loss Tutorial
Perpetual contracts, also known as perpetual futures or inverse swaps, are a type of derivative financial instrument that allow traders to speculate on the future price of an underlying asset, such as Bitcoin or Ethereum, without having to take ownership of the asset itself.
One of the key features of perpetual contracts is that they offer leverage, which allows traders to increase their potential profits (and losses) by borrowing capital from the exchange. However, using leverage also increases the risk of liquidation, which occurs when the trader's losses exceed their account balance.
To manage risk, traders can use stop-loss and stop-profit orders. A stop-loss order is an order to sell (or buy) an asset at a specified price when the market price reaches that level. A stop-profit order is an order to sell (or buy) an asset at a specified price when the market price reaches that level.
In this tutorial, we will show you how to place a stop-loss and stop-profit order on Bitfinex, one of the world's leading cryptocurrency exchanges.
Step 1: Open a Bitfinex Account
If you don't already have a Bitfinex account, you will need to create one. To do this, visit the Bitfinex website and click on the "Sign Up" button.
Step 2: Fund Your Account
Once you have created an account, you will need to fund it with cryptocurrency. To do this, click on the "Deposits" tab and select the cryptocurrency you want to deposit.
Step 3: Find the Perpetual Contract Market
Once your account is funded, you can find the perpetual contract market by clicking on the "Trading" tab and selecting "Perpetuals."
Step 4: Choose the Underlying Asset
Once you are in the perpetual contract market, you will need to choose the underlying asset that you want to trade. To do this, click on the "Underlying" dropdown menu and select the asset you want to trade.
Step 5: Place a Stop-Loss Order
To place a stop-loss order, click on the "Stop" tab and select "Stop Loss." Then, enter the price at which you want to sell the asset and the amount of the asset you want to sell.
Step 6: Place a Stop-Profit Order
To place a stop-profit order, click on the "Stop" tab and select "Stop Profit." Then, enter the price at which you want to sell the asset and the amount of the asset you want to sell.
Step 7: Monitor Your Orders
Once you have placed your stop-loss and stop-profit orders, you can monitor them by clicking on the "Orders" tab.
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.
- Ethereum (ETH) price shows signs of a trend reversal that could push it toward the $3450 level
- 2025-04-30 09:55:13
- A Sweeping Transformation Tethered to the Opaque World of Cryptocurrency Has Emerged
- 2025-04-30 09:55:13
- Quick-thinking Sun Saves Life
- 2025-04-30 09:50:12
- Bitcoin (BTC) Is at a Critical Juncture. Market Watchers and Analysts Are Turning Their Attention to the Closing of This Week's Candle
- 2025-04-30 09:50:12
- Over the past 30 days, the memecoin market has displayed a massive comeback.
- 2025-04-30 09:45:12
- BlockDAG Raises $221M, Delivers 2380% ROI; Buyer Battles Pit It Against Stellar & Solana in 2025 Race to the Top
- 2025-04-30 09:45:12
Related knowledge
Which is better, SHIB contract trading or spot trading? What is the risk difference?
Apr 29,2025 at 11:21am
Trading in the cryptocurrency market offers various methods, each with its own set of advantages and risks. Two popular methods among traders are SHIB contract trading and spot trading. In this article, we will delve into the specifics of each method, compare their benefits, and discuss the risk differences to help you make an informed decision on which...
How to trade LINK contracts? Things to note when trading with leverage
Apr 28,2025 at 08:01pm
Trading LINK contracts, particularly with leverage, can be an exciting yet risky endeavor. LINK, or Chainlink, is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. Trading LINK contracts involves speculating on the price movements of LINK without owning the actual cryptocurrency. When you trade with lever...
Which is better for beginners, Dogecoin futures or spot trading? Is leverage trading risky?
Apr 29,2025 at 04:49am
When deciding whether Dogecoin futures or spot trading is better for beginners, it's important to understand the fundamental differences between these two trading methods and their respective risks. Dogecoin spot trading involves buying and selling the actual cryptocurrency at the current market price. This method is straightforward and allows beginners...
Which is more suitable for novices, quarterly contracts or perpetual contracts? Does the delivery date have a big impact?
Apr 29,2025 at 09:49am
Introduction to Quarterly and Perpetual ContractsWhen entering the world of cryptocurrency trading, one of the first decisions a novice trader faces is choosing between quarterly contracts and perpetual contracts. Both types of contracts offer unique features and benefits, but understanding their differences is crucial for making an informed decision. T...
When will the leverage multiple adjustment take effect? Will the leverage change affect the existing position?
Apr 28,2025 at 02:36am
Understanding Leverage Multiple Adjustments in Cryptocurrency TradingIn the realm of cryptocurrency trading, leverage is a powerful tool that allows traders to amplify their trading positions beyond their initial capital. However, adjustments to leverage multiples are a critical aspect that traders must understand thoroughly. This article delves into wh...
Why is the profit and loss of the contract not in line with expectations? Does the calculation of unrealized profit and loss include handling fees?
Apr 27,2025 at 09:14pm
In the world of cryptocurrency trading, especially when dealing with futures and options contracts, traders often find themselves puzzled by discrepancies between their expected and actual profit and loss (P&L). This article delves into the reasons behind such discrepancies and explores whether the calculation of unrealized profit and loss includes hand...
Which is better, SHIB contract trading or spot trading? What is the risk difference?
Apr 29,2025 at 11:21am
Trading in the cryptocurrency market offers various methods, each with its own set of advantages and risks. Two popular methods among traders are SHIB contract trading and spot trading. In this article, we will delve into the specifics of each method, compare their benefits, and discuss the risk differences to help you make an informed decision on which...
How to trade LINK contracts? Things to note when trading with leverage
Apr 28,2025 at 08:01pm
Trading LINK contracts, particularly with leverage, can be an exciting yet risky endeavor. LINK, or Chainlink, is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. Trading LINK contracts involves speculating on the price movements of LINK without owning the actual cryptocurrency. When you trade with lever...
Which is better for beginners, Dogecoin futures or spot trading? Is leverage trading risky?
Apr 29,2025 at 04:49am
When deciding whether Dogecoin futures or spot trading is better for beginners, it's important to understand the fundamental differences between these two trading methods and their respective risks. Dogecoin spot trading involves buying and selling the actual cryptocurrency at the current market price. This method is straightforward and allows beginners...
Which is more suitable for novices, quarterly contracts or perpetual contracts? Does the delivery date have a big impact?
Apr 29,2025 at 09:49am
Introduction to Quarterly and Perpetual ContractsWhen entering the world of cryptocurrency trading, one of the first decisions a novice trader faces is choosing between quarterly contracts and perpetual contracts. Both types of contracts offer unique features and benefits, but understanding their differences is crucial for making an informed decision. T...
When will the leverage multiple adjustment take effect? Will the leverage change affect the existing position?
Apr 28,2025 at 02:36am
Understanding Leverage Multiple Adjustments in Cryptocurrency TradingIn the realm of cryptocurrency trading, leverage is a powerful tool that allows traders to amplify their trading positions beyond their initial capital. However, adjustments to leverage multiples are a critical aspect that traders must understand thoroughly. This article delves into wh...
Why is the profit and loss of the contract not in line with expectations? Does the calculation of unrealized profit and loss include handling fees?
Apr 27,2025 at 09:14pm
In the world of cryptocurrency trading, especially when dealing with futures and options contracts, traders often find themselves puzzled by discrepancies between their expected and actual profit and loss (P&L). This article delves into the reasons behind such discrepancies and explores whether the calculation of unrealized profit and loss includes hand...
See all articles
