How to operate BigONE contract trading

How to Operate BigONE Contract Trading1. Create a BigONE Account

• Visit the BigONE website (https://bigone.com) and click on "Register" in the top right corner.
• Enter your email address, create a username and password, and agree to the terms of service.
• Verify your email address by clicking on the link sent to your inbox.

2. Fund Your Account

• Log in to your BigONE account and click on "Assets" in the top menu bar.
• Click on "Deposit" and select the cryptocurrency you want to deposit.
• Copy the deposit address provided and send your cryptocurrency to it.

3. Access Contract Trading

• Click on "Derivatives" in the top menu bar.
• Select "Contract Trading" from the drop-down menu.
• Choose the contract you want to trade from the list of available options.

4. Understand Contract Basics

Contract Size: This is the number of underlying assets represented by each contract. For example, a BTC contract with a contract size of 1 would represent 1 Bitcoin.Leverage: This is the amount of borrowed capital you can use to increase your trading position. For example, 10x leverage would allow you to trade with 10 times your account balance.Margin: This is the amount of funds you need to maintain in your account to cover potential losses. For example, if you open a BTC contract with 10x leverage, you would need to maintain a margin of 10% of the contract value.Mark Price: This is the current price of the underlying asset used to calculate the value of the contract.Index Price: This is the reference price of the underlying asset used to settle the contract at expiry.

5. Choose Your Order Type

• Limit Order: This order specifies a specific price at which you want to buy or sell a contract. It will only be executed when the market price reaches your specified price.
• Market Order: This order buys or sells a contract at the best available market price.
• Stop-Limit Order: This order combines a limit order with a stop price. The order will only be triggered when the market price reaches the stop price, after which it will be executed as a limit order.

6. Open a Position

• Select the order type you want to use.
• Enter the contract size, leverage, and price (if using a limit order).
• Click on "Buy" or "Sell" to open your position.

7. Manage Your Position

• You can monitor your open positions in the "Positions" tab.
• You can adjust your leverage, close your position, or set stop-loss or take-profit orders from this tab.

8. Close Your Position

• To close a position, simply click on the "Close" button in the "Positions" tab.
• You can choose to close all or a portion of your position.
• Your profit or loss will be calculated based on the difference between the opening and closing prices of your contract.