How ProBit Global trades perpetual contracts

How ProBit Global Trades Perpetual Contracts

Perpetual contracts are a type of financial derivative that allows traders to speculate on the price of an underlying asset without having to take physical delivery of the asset. They are similar to futures contracts, but they do not have a fixed expiration date. This means that traders can hold perpetual contracts indefinitely, or until they decide to close their positions.

ProBit Global is a cryptocurrency exchange that offers perpetual contracts on a variety of digital assets. To trade perpetual contracts on ProBit Global, you will need to create an account and deposit funds into your account. Once you have done this, you can begin trading perpetual contracts by following these steps:

1. Choose the perpetual contract you want to trade. ProBit Global offers perpetual contracts on a variety of digital assets, including Bitcoin, Ethereum, Litecoin, and Ripple. You can choose the perpetual contract you want to trade by clicking on the "Contracts" tab in the ProBit Global trading interface.
2. Select the order type you want to use. ProBit Global offers a variety of order types, including market orders, limit orders, and stop orders. You can select the order type you want to use by clicking on the "Order Type" drop-down menu in the ProBit Global trading interface.
3. Enter the order quantity. The order quantity is the number of perpetual contracts you want to buy or sell. You can enter the order quantity by typing it into the "Quantity" field in the ProBit Global trading interface.
4. Enter the order price. The order price is the price at which you want to buy or sell the perpetual contracts. You can enter the order price by typing it into the "Price" field in the ProBit Global trading interface.
5. Click on the "Buy" or "Sell" button. Once you have entered all of the required information, you can click on the "Buy" or "Sell" button to submit your order.

Your order will be executed immediately if it matches the current market price. If your order does not match the current market price, it will be placed on the order book and will be executed when the market price reaches the price of your order.

You can monitor the status of your order by clicking on the "Orders" tab in the ProBit Global trading interface. You can also cancel your order at any time by clicking on the "Cancel" button next to the order.

Tips for Trading Perpetual Contracts on ProBit Global

Here are a few tips for trading perpetual contracts on ProBit Global:

• Use a stop-loss order to limit your risk. A stop-loss order is an order that is placed to automatically sell your perpetual contracts if the price of the underlying asset falls below a certain level. This can help you to protect your profits and limit your losses.
• Use a take-profit order to lock in your profits. A take-profit order is an order that is placed to automatically sell your perpetual contracts if the price of the underlying asset rises above a certain level. This can help you to lock in your profits and prevent you from losing them if the market price reverses.
• Manage your risk carefully. Perpetual contracts are a leveraged product, which means that you can lose more money than you deposit. It is important to manage your risk carefully and to only trade with money that you can afford to lose.

Perpetual Contract Rankings

The following is a ranking of the top 5 cryptocurrency exchanges that offer perpetual contracts:

1. Binance
2. Huobi Global
3. OKEx
4. BitMEX
5. Bybit