Mobile Gate.io contract operation process

Step 1 in trading contracts on the Gate.io app involves selecting the desired contract to trade and navigating to the "Trade" option after choosing the contract from available perpetual and futures contracts.

Nov 14, 2024 at 11:54 pm

Mobile Gate.io Contract Operation Process

Gate.io contract trading platform provides users with a user-friendly interface and a comprehensive set of trading tools, allowing users to manage their trades efficiently and effectively. This guide will walk you through the step-by-step process of conducting contract operations on the Gate.io mobile app.

Prerequisite

• Create a Gate.io account.
• Complete KYC verification.
• Transfer funds to your contract account.

How to trade contracts on Gate.io app?

Step 1: Select a contract to trade

Launch the Gate.io app. Click on the "Contracts" tab on the bottom of the screen. Here you can select the contract market you wish to trade from a range of perpetual and futures contracts. Once you have chosen a contract, click "Trade."

Step 2: Choose contract size and leverage

1. Contract size: Input the number of contracts you wish to buy or sell.
2. Leverage: Select a leverage type from 1x, 2x, 5x, 10x, 20x, or 50x. Leverage amplifies your earnings but also increases your risk of loss.

Step 3: Choose trading direction

Select "Buy/Long" to buy and hold a contract. This means you believe the price of the underlying asset will rise. Select "Sell/Short" to sell the contract. This means you believe the price of the underlying asset will fall.

Step 4: Place the order

Fill in the order price. You can choose to place a limit order or a market order:

1. Limit order: Execute the trade at a specific price.
2. Market order: Execute the trade at the current market price.

Click Buy/Long or Sell/Short to place your order.

Step 5: Manage your position

Once an order is filled, it creates a position in your trading account. You can view active positions under the "Positions" page. Monitor your position and adjust settings such as "Take Profit" and "Stop Loss" to manage your risk and secure earnings.

Step 6: Close your position

To close a position, select the corresponding position and click "Close." You will be prompted to confirm the closing price and quantity. Upon confirmation, the position will be closed, and any profit or loss will be reflected in your account.

Advanced tips

Here are some additional tips to enhance your contract trading experience:

• Use "Trailing Stop" to lock in profit: For long positions, set the trailing stop price above the entry price. For short positions, set the trailing stop price below the entry price. If the market moves in a favorable direction, the stop loss will automatically adjust, locking in your profit.
• Use Order History and Taker to monitor market: You can view the order history for each contract and observe the proportion of buyers and sellers to gauge market sentiment.
• Set a Profit Target: Determine your profit target before entering a trade to avoid overstaying and potentially losing your profit.
• Cut Loss Short: Follow a strict stop loss strategy. When a trade goes against you, close the position to limit the loss.
• Monitor position Margin: Pay attention to your position margin ratio and maintain a healthy margin level to avoid liquidation.