ProBit Global contract trading explanation

ProBit Global Contract Trading ExplanationIntroduction to Contract Trading

Contract trading, also known as futures trading or derivatives trading, involves agreements to buy or sell an underlying asset at a specific price on a future date. Unlike spot trading, where the asset is immediately exchanged, contract trading allows traders to speculate on the future price movements of an asset without owning it directly.

ProBit Global Contract Trading Platform

ProBit Global is a reputable cryptocurrency exchange that offers a comprehensive contract trading platform, enabling users to trade perpetual and futures contracts with up to 125x leverage across various cryptocurrencies.

How to Get Started with Contract Trading on ProBit Global1. Create a ProBit Global Account

Open a ProBit Global account by providing basic personal information, including your email address, password, and country of residence. Verify your account via email for security reasons.

2. Fund Your Margin Account

Access the "Margin" tab on the ProBit Global platform and deposit cryptocurrencies to your margin account. Use cryptocurrencies supported by the exchange, such as BTC, ETH, USDT, and more.

3. Understand Contract Specifications and Pricing

Familiarize yourself with the specific terms and conditions of the contract you intend to trade, including its underlying asset, expiration date, tick size, and minimum price increment. ProBit Global provides detailed specifications for each contract on their trading interface.

4. Determine Your Trading Strategy

Decide on a trading strategy based on your risk tolerance, market analysis, and technical indicators. Consider using technical analysis tools provided by ProBit Global to identify potential trading opportunities.

5. Place Your Order

Select the contract you wish to trade, input the order type (market order or limit order), and specify the quantity and price (for limit orders). Choose a leverage level appropriate for your risk profile and trading experience.

6. Monitor Your Position and Manage Risk

Monitor the performance of your contract position regularly, adjusting your stop-loss, take-profit, and leverage levels as needed. ProBit Global provides comprehensive trading tools to help you manage your risk effectively.

7. Settle Your Position

Contract positions can be settled before their expiration date through a process called "closing." You can either close your position manually or enable auto-close, where the position is automatically closed at a predetermined price or time.

Benefits of Contract Trading with ProBit Global

• Access to a wide range of cryptocurrency trading pairs
• High leverage of up to 125x amplifies profits
• Low trading fees and minimum investment requirements
• Advanced charting tools and technical analysis indicators
• User-friendly trading interface optimized for both desktop and mobile devices
• 24/7 customer support team ready to assist