ProBit Global Contract Short Selling Tutorial

Short selling contracts on ProBit Global involves borrowing assets from an exchange, selling them at a higher price, and repurchasing them at a lower price to return to the exchange for a profit.

Nov 23, 2024 at 01:46 pm

ProBit Global Contract Short Selling Tutorial

Contract short selling, also known as shorting, is an advanced trading strategy that allows traders to profit from a decline in the price of an asset. By shorting a contract, the trader essentially borrows the asset from the exchange and agrees to sell it back at a later date. If the price of the asset falls, the trader can buy it back at a lower price and return it to the exchange, pocketing the difference as profit.

Short selling can be a risky but potentially rewarding strategy. However, it is important to understand the risks involved before you begin shorting contracts.

Steps to Short Sell a Contract on ProBit Global

1. Create an Account

• If you do not already have a ProBit Global account, you will need to create one.
• To do this, visit the ProBit Global website and click on the "Sign Up" button.
• Enter your email address, create a password, and agree to the terms of service.
• Once you have created your account, you will need to verify your email address.
• To do this, click on the verification link that was sent to your email address.

2. Deposit Funds

• Once you have verified your email address, you will need to deposit funds into your account.
• ProBit Global supports a variety of deposit methods, including bank wire, credit card, and cryptocurrency.
• To deposit funds, click on the "Deposit" button on the ProBit Global website.
• Select your preferred deposit method and follow the instructions.

3. Find the Contract You Want to Short

• ProBit Global offers a variety of contracts, including perpetual contracts and futures contracts.
• To find the contract you want to short, click on the "Contracts" tab on the ProBit Global website.
• This will bring up a list of all the contracts available on ProBit Global.

4. Place Your Short Order

• Once you have found the contract you want to short, click on the "Short" button.
• This will bring up the order form.

• In the order form, you will need to specify the following:

  • The number of contracts you want to short
  • The price at which you want to short
  • The leverage you want to use
• Once you have filled out the order form, click on the "Short" button.
• Your order will be placed on the order book.

5. Monitor Your Order

• Once your order has been filled, you will need to monitor it.
• The price of the contract will fluctuate, and your profit or loss will change accordingly.
• You can monitor your order by clicking on the "Orders" tab on the ProBit Global website.

6. Close Your Order

• When you are ready to close your order, you will need to click on the "Close" button.
• This will bring up the order form.

• In the order form, you will need to specify the following:

  • The number of contracts you want to close
  • The price at which you want to close
• Once you have filled out the order form, click on the "Close" button.
• Your order will be closed, and you will receive your profit or loss.

Tips for Short Selling Contracts on ProBit Global

• Start with a small position.
• When you are first starting out, it is important to start with a small position.
• This will help you to limit your risk if the market moves against you.
• Use stop-loss orders.
• Stop-loss orders can help you to protect your profits if the market moves against you.
• A stop-loss order will automatically sell your contract if the price falls below a certain level.
• Be patient.
• Short selling can be a profitable strategy, but it takes time and patience to learn how to do it successfully.
• Don't be afraid to ask for help if you need it.
• There are many resources available to help you learn how to short sell contracts on ProBit Global.