How to open a contract in MEXC

To open a contract in MEXC, create an account, activate futures trading, fund your account, access the futures market, place an order, and monitor your open positions.

Nov 17, 2024 at 05:56 am

How to Open a Contract in MEXC

Step 1: Create an Account on MEXC

Visit the official MEXC website and click on "Sign Up."
Enter your email address and create a password.
Complete the CAPTCHA and click "Create Account."
Check your email for the confirmation code and enter it on the website.
Once your account is activated, proceed to the next step.

Step 2: Activate Futures Trading

Click on "Derivatives" in the top menu bar.
Select "Futures" and click on "Activate Futures."
Select the "Cross Margin Mode" or "Isolated Margin Mode" based on your trading preferences.
Read and agree to the terms and conditions.
Click on "Activate" to complete the process.

Step 3: Fund Your Account

Click on "Assets" in the top menu bar and select "Spot Wallet."
Choose the deposit method you prefer (cryptocurrency, credit/debit card, bank transfer, etc.).
Follow the instructions displayed on the screen to complete the deposit process.

Step 4: Access the Futures Market

Click on "Derivatives" in the top menu bar and select "Futures."
Choose "Spot/USDT" or "Linear/USDT" based on your trading preference.
Select the trading pair you wish to trade.

Step 5: Place an Order

Scroll down to the "Order Entry" section.
Choose the order type you wish to place (Market, Limit, Stop, Stop-Limit, Advanced).
Enter the desired quantity, price, and leverage (if applicable).
Click on "Buy/Long" or "Sell/Short" to place the order.

Step 6: Monitor Your Open Positions

Click on "Orders" in the sidebar menu.
You will see a list of all your open orders and positions.
Mouse over the position to view details such as entry price, average price, and profit/loss.

Step 7: Close Your Position

To close a position, open the "Orders" tab and click on the position you wish to close.
Click on the "Close Position" button.
Select the closing price or enter a specific closing price.
Click on "Confirm" to execute the closing order.

Advanced Tips:

Use stop-loss and take-profit orders to manage risk and protect your profits.
Leverage trading can amplify your gains but also your potential losses. Use it with caution.
Monitor market conditions and news closely before placing trades.
Consider using a trading bot to automate your trading strategies.
Seek professional advice if you are new to futures trading.

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！

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