ProBit Global Contract Trading Guide

To begin contract trading on ProBit Global, first establish an account with the platform and fund it with a supported method like bank transfer or cryptocurrency.

Nov 26, 2024 at 04:54 pm

ProBit Global Contract Trading Guide

Introduction

Contract trading, also known as futures trading, is a popular way to trade cryptocurrencies. It allows traders to speculate on the future price of an asset without having to own the underlying asset itself. Contract trading can be a lucrative way to make money, but it is also riskier than spot trading.

Step 1: Open a ProBit Global Account

The first step to contract trading on ProBit Global is to open an account. You can do this by visiting the ProBit Global website and clicking on the "Sign Up" button.

Once you have clicked on the "Sign Up" button, you will be asked to provide your email address, password, and country of residence. You will also need to agree to the ProBit Global terms of service.

Once you have filled out the sign-up form, you will need to click on the "Create Account" button. You will then be sent an email with a verification link. Click on the verification link to activate your account.

Step 2: Deposit Funds into Your Account

Once you have activated your account, you will need to deposit funds into your account in order to start trading contracts. You can do this by clicking on the "Deposit" button on the ProBit Global website.

There are a number of different ways to deposit funds into your ProBit Global account. You can deposit funds via bank transfer, credit card, or cryptocurrency.

Once you have deposited funds into your account, you will be able to start trading contracts.

Step 3: Choose a Contract to Trade

The next step is to choose a contract to trade. ProBit Global offers a variety of different contracts, including:

• BTC/USDT
• ETH/USDT
• XRP/USDT
• LTC/USDT
• BCH/USDT
• EOS/USDT
• ADA/USDT

When choosing a contract to trade, you should consider the following factors:

• The volatility of the underlying asset
• The trading volume of the contract
• The liquidity of the contract

Step 4: Place an Order

Once you have chosen a contract to trade, you need to place an order. You can do this by clicking on the "Order" button on the ProBit Global website.

There are two types of orders that you can place:

• Limit orders allow you to specify the price at which you want to buy or sell a contract.
• Market orders allow you to buy or sell a contract at the current market price.

When placing an order, you will need to specify the following information:

• The type of order you want to place
• The quantity of contracts you want to buy or sell
• The price (if you are placing a limit order)
• The leverage you want to use

Step 5: Monitor Your Order

Once you have placed an order, you should monitor it to make sure it is executed as expected. You can do this by clicking on the "Orders" button on the ProBit Global website.

If your order is executed, your account balance and order status on the order details page will update. You will also receive a confirmation email.

Step 6: Close Your Order

When you are ready to close your order, you can do so by clicking on the "Close Order" button on the ProBit Global website.

You can also close your order by placing a market order to sell a contract that you have bought, or by placing a market order to buy a contract that you have sold.