ProBit Global Perpetual Contract Tutorial Example

To begin trading perpetual contracts on ProBit Global, first create an account and fund it, then select a contract market and place buy or sell orders, monitoring positions until closing and withdrawing funds.

Nov 28, 2024 at 04:00 pm

ProBit Global Perpetual Contract Tutorial Example

ProBit Global is a cryptocurrency exchange that recently launched perpetual contracts. Perpetual contracts are a type of futures contract that do not have an expiry date. This makes them ideal for traders who want to hold positions for an extended period of time.

In this tutorial, we will show you how to trade perpetual contracts on ProBit Global.

Step 1: Create an account on ProBit Global

If you don't already have an account on ProBit Global, you can create one by visiting their website and clicking on the "Sign Up" button.

Step 2: Fund your account

Once you have created an account, you need to fund it with cryptocurrency. You can do this by depositing cryptocurrency from another exchange or by purchasing cryptocurrency with a credit card or debit card.

Step 3: Choose a perpetual contract market

Once your account is funded, you need to choose a perpetual contract market to trade. ProBit Global offers a variety of perpetual contract markets, including BTC/USDT, ETH/USDT, and XRP/USDT.

Step 4: Place an order

Once you have chosen a perpetual contract market, you can place an order. You can place a buy order or a sell order.

• A buy order is an order to buy a perpetual contract.
• A sell order is an order to sell a perpetual contract.

Step 5: Monitor your position

Once you have placed an order, you need to monitor your position. You can do this by clicking on the "Positions" tab in the ProBit Global interface.

Step 6: Close your position

When you are ready to close your position, you can do so by clicking on the "Close" button in the ProBit Global interface.

Step 7: Withdraw your funds

Once you have closed your position, you can withdraw your funds by clicking on the "Withdraw" button in the ProBit Global interface.

Example

Here is an example of how to trade perpetual contracts on ProBit Global:

1. Create an account on ProBit Global.
2. Fund your account with cryptocurrency.
3. Choose a perpetual contract market to trade.
4. Place an order.
5. Monitor your position.
6. Close your position.
7. Withdraw your funds.

Tips for trading perpetual contracts

Here are a few tips for trading perpetual contracts:

• Do your research before you start trading. Make sure you understand the risks involved.
• Start with a small trade. This will help you to get a feel for the market and to minimize your losses.
• Place stop-loss orders. This will help you to limit your losses if the market moves against you.
• Don't over trade. It is important to be patient and to wait for the right opportunities.
• Use a demo account. This is a great way to practice trading perpetual contracts without risking any real money.