How to sell ProBit Global perpetual contract

Selling a ProBit Global perpetual contract involves creating an account, funding it, selecting a contract, placing a sell order (market or limit), monitoring the position, and closing it at the desired time.

Nov 26, 2024 at 08:32 am

How to Sell ProBit Global Perpetual Contract

ProBit Global Perpetual Contract Introduction

ProBit Global perpetual contract is a type of derivative financial instrument that allows traders to speculate on the future price of an underlying asset without actually owning it. Perpetual contracts are settled in cash, and they do not have an expiry date. This makes them a popular choice for traders who want to speculate on the long-term price movements of an asset.

Selling Perpetual Contract on ProBit Global

Selling a perpetual contract on ProBit Global is a relatively simple process. However, it is important to understand the risks involved before you start trading.

Step 1: Create a ProBit Global Account

If you do not already have a ProBit Global account, you will need to create one before you can start trading. You can create an account by visiting the ProBit Global website and clicking on the "Sign Up" button.

Step 2: Fund Your Account

Once you have created an account, you will need to fund it with some cryptocurrency. You can deposit cryptocurrency into your account by clicking on the "Deposit" button on the ProBit Global website.

Step 3: Choose a Perpetual Contract

Once your account has been funded, you can start choosing which perpetual contracts you want to trade. ProBit Global offers a wide range of perpetual contracts, including contracts based on cryptocurrencies, commodities, and indices. You can find the list of available perpetual contracts by clicking on the "Perpetual" tab on the ProBit Global website.

Step 4: Place a Sell Order

Once you have chosen a perpetual contract, you need to place a sell order. You can do this by clicking on the "Sell" button on the ProBit Global website. When you place a sell order, you will need to specify the following information:

• Order type: You can choose to place a market order or a limit order. A market order will be executed immediately at the current market price, while a limit order will only be executed if the price of the asset reaches a certain level.
• Order size: You need to specify the number of contracts that you want to sell.
• Price: If you are placing a limit order, you need to specify the price at which you want to sell the contracts.

Step 5: Monitor Your Position

Once you have placed a sell order, you can monitor its status on the ProBit Global website. You can click on the "Orders" tab to see a list of all your open orders.

Step 6: Close Your Position

When you are ready to close your position, you can click on the "Close" button next to the order. This will sell your contracts at the current market price.

Conclusion

Selling a perpetual contract on ProBit Global is a relatively simple process. However, it is important to understand the risks involved before