How to open Deepcoin 100x contract

Deepcoin's 100x contract amplifies profit potential with 100x leverage, but also increases risk, necessitating careful risk management and a clear understanding of liquidation and stop-loss strategies.

Nov 25, 2024 at 06:36 pm

Step 1: Understanding Deepcoin 100x Contract

The Deepcoin 100x contract is a perpetual contract that allows traders to leverage their positions up to 100x. This means that for every $1 invested, you can control a position worth $100. This leverage can amplify potential profits but also increases the risk of loss.

Understanding Key Features:

Mark Price: The reference price used for settlement and margin calculations.
Index Price: A weighted average of prices from various exchanges.
Funding Rate: A fee paid or received to maintain balanced positions across the market.
Liquidation: The forced closing of a position when it falls below a certain margin level.

Understanding Margin and Leverage:

Margin: The amount of funds required to open and maintain a contract position.
Leverage: The ratio of position value to margin used. A 100x leverage means using $1 of margin to control $100 of position value.
Margin Level: The ratio of equity (margin + unrealized profit/loss) to margin used.

Step 2: Opening an Account and Funding

Visit Deepcoin's website and create an account.
Complete the KYC (Know Your Customer) verification process.
Deposit funds into your account using supported methods like cryptocurrencies or fiat currency.

Step 3: Choosing a Trading Pair and Setting Parameters

Select the desired trading pair (e.g., BTC/USDT).
Enter the contract size (e.g., 10 contracts).
Set the leverage (e.g., 100x).
Choose the direction of the trade (long or short).

Step 4: Placing an Order and Monitoring Position

Enter the desired order type and price.
Click "Buy" or "Sell" to open the contract position.
Monitor the position's performance in real-time.
Adjust positions or add margin as needed to manage risk.

Step 5: Closing the Position and Settling

Decide when to close the contract position to realize profits or cut losses.
Click "Close" to sell (for a long position) or buy (for a short position) to close the contract.
The settlement value is calculated based on the mark price at the time of closing.
Any remaining margin and profit/loss is credited to the trader's account.

Additional Considerations:

Deepcoin 100x contracts are USDT-margined, meaning that profits and losses are settled in USDT.
Traders should carefully manage risk by understanding the concept of liquidation and using stop-loss orders.
Always trade within your risk appetite and do not invest more than you can afford to lose.

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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