How to view CoinW contract rates

How to View CoinW Contract Rates: A Step-by-Step Guide

CoinW offers a robust and reliable platform for trading cryptocurrencies, including futures contracts. Understanding the contract rates on CoinW is crucial for making informed trading decisions. This comprehensive guide will provide a step-by-step explanation of how to view CoinW contract rates, empowering you to navigate the platform effectively.

Step 1: Navigate to the CoinW Website or Mobile App

• Access the CoinW website or download the mobile app from the App Store or Google Play.
• Sign in to your CoinW account or create a new one if you are a first-time user.

Step 2: Locate the Contracts Section

• On the homepage, hover over the "Trade" tab in the main navigation menu.
• Select "Contracts" from the dropdown menu to enter the contracts trading section.

Step 3: Choose Your Desired Market

• On the left-hand side of the contracts page, you will find a list of available markets.
• Select the market you want to trade by clicking on its name (e.g., BTC/USDT).

Step 4: View Contract Overview and Details

• The contract overview section displays key information about the selected market, including the contract type, leverage, tick size, and minimum order quantity.
• To view more detailed contract specifications, click on the "Details" tab located below the market name.

Step 5: Access the Contract Market Depth Chart

• Below the contract overview section, you will find the market depth chart.
• This chart visualizes the orders placed by other traders, with green bars representing buy orders and red bars representing sell orders.
• The market depth chart allows you to observe the distribution of orders at different price levels, providing insights into market sentiment.

Step 6: Explore Contract Trading History

• To the right of the market depth chart, you will find a section displaying recent contract trades.
• This information includes the time of execution, price, quantity, and direction of each trade.
• Analyzing the contract trading history can provide valuable insights into market trends and volatility.

Step 7: Identify Contract Rate by Selecting Bid/Ask Price

• At the bottom of the contract page, you will find the "Buy" and "Sell" buttons.
• The price displayed underneath the "Buy" button is the current bid price, while the price displayed underneath the "Sell" button is the current ask price.
• The bid price represents the highest price a buyer is willing to pay for the contract, while the ask price represents the lowest price a seller is willing to accept.

Step 8: Additional Considerations for Understanding Contract Rates

• The contract rate is dynamic and can change rapidly based on market conditions.
• It is important to monitor the contract rate closely and consider factors such as market news, global economic events, and technical analysis before making trading decisions.
• CoinW also provides a range of risk management tools, including stop-loss and take-profit orders, to help you protect your trading positions.