how to do future trading on bitget

To access the futures market, select "Futures" from the "Trade" dropdown menu, choose the desired contract, and set the trading mode.

Oct 25, 2024 at 06:13 am

A Comprehensive Guide to Future Trading on Bitget

1. Create a Bitget Account

• Visit the Bitget website and register for an account.
• Provide personal information, including email address and phone number.
• Verify your account through email and SMS.

2. Deposit Funds

• Log in to your Bitget account.
• Select "Deposit" from the account menu.
• Choose the desired fiat or cryptocurrency and deposit method.
• Follow the instructions provided to complete the deposit.

3. Access the Futures Market

• Hover over "Trade" and select "Futures" from the dropdown menu.
• Choose the desired perpetual futures contract (e.g., BTCUSDT, ETHUSDT).
• Select the trading mode (e.g., Cross Margin, Isolated Margin).

4. Place an Order

• Choose the order type (e.g., Limit, Market, Conditional).

• Set the order parameters, including:

  • Direction (Long/Short)
  • Quantity (number of contracts)
  • Price (for Limit orders)

5. Monitor Your Position

• Once the order is placed, it will appear in the "Positions" tab.
• Monitor the position's profit/loss and adjust the margin as needed.
• Use the "Take Profit" and "Stop Loss" features to manage risk.

6. Close the Position

• To close the position, select the "Close" option within the "Positions" tab.
• Select the quantity to close and choose the order type (e.g., Market, Limit).
• Confirm the order to liquidate the position.

Additional Tips:

• Understand the risks involved in futures trading before you begin.
• Set clear profit targets and risk limits.
• Use leverage wisely and only within your risk tolerance.
• Monitor market conditions and adjust your positions accordingly.
• Leverage Bitget's advanced trading tools, such as the TradingView integration and the mobile app.