How to operate a mobile phone on Bybit contract

Navigating Bybit Contract's mobile app involves understanding the interface, selecting the appropriate contract, placing orders using different order types, adjusting leverage, and monitoring positions and orders for effective trading.

Nov 14, 2024 at 01:38 pm

How to Operate a Mobile Phone on Bybit Contract

Step 1: Overview of Bybit Contract Interface

Navigating the Bybit Contract mobile app can be daunting at first, but understanding the interface is crucial.Upon logging in, you'll encounter the trading screen, which displays real-time market data, including the selected contract's price, depth chart, and trading history.

At the bottom of the screen are tabs for various options:

• Trade: Execute trades and set orders.
• Positions: Monitor open or closed positions.
• Orders: View and manage active or canceled orders.
• History: Review past trading activity.

The top menu bar provides access to account-related information, settings, customer support, and market news. The selected contract and trading pair are displayed in the top left corner.

Step 2: Selecting the Right Contract

Bybit Contract offers a wide range of perpetual and futures contracts with varying underlying assets, leverage, and expiration dates. Choose the contract that aligns with your trading strategy and risk tolerance.

To select a contract:

• Tap the Contracts icon in the bottom left corner.
• Browse or search for the desired contract.
• Tap on the contract to view details and select it for trading.

Step 3: Understanding Order Types

Bybit Contract offers various order types to cater to different trading strategies:

• Limit Order: Execute a trade at a specified price or better.
• Market Order: Execute a trade at the current market price.
• Conditional Order: Execute a trade only when a specified condition is met.

To place an order:

• Select the "Trade" tab and choose your desired order type.
• Enter the order quantity, price (for limit orders), and other parameters.
• Review the order details and confirm to execute the trade.

Step 4: Setting Leverage

Leverage allows you to amplify your trading profits but also increases your potential losses. Bybit Contract offers adjustable leverage options for each contract.

To set leverage:

• Tap the "Leverage" button in the top right corner while placing an order.
• Select the desired leverage ratio from the available options.

Use leverage cautiously as it can lead to significant gains or losses depending on market conditions.

Step 5: Monitoring Your Positions and Orders

Once you have executed trades, monitor your positions and orders to track their performance. The "Positions" tab displays open and closed positions, including their entry price, quantity, unrealized PnL, and liquidation price. The "Orders" tab lists active and canceled orders.

Keep an eye on your positions and orders to manage risk and adjust your trades as needed. Use the provided indicators and tools to analyze market trends and make informed decisions.