How LBank trades perpetual contracts

Perpetual contracts on LBank provide traders with flexibility, 24/7 trading, and lower fees for speculating on asset price fluctuations.

Nov 24, 2024 at 01:40 pm

How to Trade Perpetual Contracts on LBank

Perpetual contracts, also known as perpetual futures, are a type of financial instrument that allows traders to speculate on the future price of an underlying asset, such as cryptocurrency, without having to take delivery of the underlying asset. Perpetual contracts are traded on futures exchanges, such as LBank, and offer a number of advantages over traditional futures contracts, including lower fees, greater flexibility, and 24/7 trading.

To trade perpetual contracts on LBank, traders must first create an account and deposit funds into their account. Once you have funded your account, you can start trading perpetual contracts by following these steps:

1. Choose the perpetual contract you want to trade. LBank offers a variety of perpetual contracts, including BTC/USDT, ETH/USDT, and BNB/USDT.
2. Decide how much leverage you want to use. Leverage is a tool that allows traders to increase their potential profits, but it also increases their risk. LBank offers leverage of up to 100x on perpetual contracts.
3. Place your order. You can place a market order, which will be executed at the current market price, or a limit order, which will be executed at a specific price.
4. Monitor your order. Once you have placed your order, you can monitor its progress in the "Orders" tab of your LBank account.
5. Close your order. When you are ready to close your order, you can do so by clicking the "Close" button in the "Orders" tab.

Here are some tips for trading perpetual contracts on LBank:

• Use stop-loss orders to limit your losses.
• Do not over-leverage yourself.
• Be aware of the risks involved in trading perpetual contracts.
• Practice trading on a demo account before trading with real money.

Additional Resources:

• [LBank Perpetual Contracts Guide](https://www.lbank.info/en-US/support/quicks/360002204011)
• [Perpetual Contracts FAQs](https://www.lbank.info/en-US/support/quicks/360003236391)
• [LBank Trading Academy](https://academy.lbank.info/)

Disclaimer: Trading perpetual contracts is a risky activity and can result in the loss of your entire investment. Please ensure that you fully understand the risks involved before trading perpetual contracts.