Excuse me, how can I turn off the contract trading mode on OUYi?

Key Points

• Understanding Contract Trading Mode
• Disabling Contract Trading Mode on OUYi

Understanding Contract Trading Mode

Contract trading mode on OUYi is a feature that allows users to speculate on the price movements of underlying assets (such as Bitcoin) without owning the actual assets. It involves the use of contracts, which are agreements to buy or sell an asset at a specified price in the future.

• Margin Requirements: Contract trading requires leverage, which amplifies both potential profits and losses. Traders must maintain a certain margin balance on their account to cover potential losses.
• Leverage Multiplier: The leverage multiplier determines how much leverage is applied to a trader's position. Higher leverage multipliers can lead to greater potential profits or substantial losses.
• Mark Price: The mark price represents the fair value of an underlying asset as determined by OUYi's pricing engine. It is used to calculate profit and loss (P/L) on open positions.
• Funding Rate: The funding rate is a small fee paid or received by traders holding open positions to ensure that the contract price remains in line with the spot market.

Disabling Contract Trading Mode on OUYi

To disable contract trading mode on OUYi, follow these steps:

• Login to your OUYi account and navigate to "Settings" in the top-right corner.
• Select "Security Settings" from the drop-down menu.
• Under the "Futures Trading" section, find the toggle labeled "Contract Trading Mode."
• Click on the toggle to disable contract trading mode and confirm by entering your password.

FAQs

• Can I turn contract trading mode back on after disabling it?Yes, you can re-enable contract trading mode by following the same steps and toggling the switch back to "On."
• Will disabling contract trading mode affect my existing positions?No, disabling contract trading mode will not affect your existing open positions. However, you will not be able to open new contract positions.
• What happens to my collateral if I disable contract trading mode?Your collateral will be returned to your spot trading account balance once you have closed all your open contract positions.