ProBit Global contract gameplay

Delve into the intricate world of contract trading with ProBit Global's comprehensive guide, unlocking the potential for substantial profits while understanding the inherent risks involved.

Dec 01, 2024 at 07:56 am

ProBit Global: A Comprehensive Guide to Contract Gameplay

ProBit Global, a leading cryptocurrency exchange, offers a diverse range of services, including contract trading. In this comprehensive guide, we will delve into the intricacies of contract gameplay on ProBit Global, empowering you to maximize your trading potential.

Understanding Contracts

1. Contracts are financial instruments that derive their value from the underlying asset, such as a cryptocurrency or index.
2. Contracts trading involves speculating on the price movements of the underlying asset without owning it.
3. Traders can take both long (predicting a price increase) and short (predicting a price decrease) positions in contract trading.
4. Contract trading offers the potential for both significant profits and losses due to its high leverage.

Types of Contracts on ProBit Global

1. USDT-M Futures: These contracts are settled in USDT and offer leverage of up to 100x.
2. Coin-M Futures: These contracts are settled in the underlying cryptocurrency and offer leverage of up to 20x.
3. Leveraged Tokens: These tokens provide built-in leverage, allowing traders to gain exposure to a specific asset with a higher multiples than traditional trading.

Step-by-Step Guide to Contract Gameplay on ProBit Global

1. Create an Account: To access contract gameplay on ProBit Global, you must first create an account.
2. Fund Your Account: After creating an account, you need to deposit funds from your spot wallet to your contract account.
3. Select a Contract: Choose the contract that aligns with your trading strategy and desired leverage.
4. Open a Position: Determine the position (long or short) you want to take and enter the desired quantity of the contract.
5. Manage Risk: Implement risk management strategies, such as stop-loss orders, to limit potential losses.
6. Monitor Your Position: Closely monitor the performance of your position and adjust it as necessary based on market conditions.
7. Close Your Position: When your trading objective is met, close your position to realize your profits or cut losses.