How to trade perpetual in Dubai OKX

To trade perpetuals in Dubai on OKX, create an account, fund it with your preferred method, select the desired perpetual contract from the vast selection available, open a position by choosing the buying or selling option, and attentively manage your positions to optimize profits and minimize potential losses.

Oct 18, 2024 at 03:18 pm

How to Trade Perpetuals in Dubai on OKX

Step 1: Create an OKX Account

• Visit okx.com and click "Sign Up."
• Fill in the registration form with your personal information and email address.
• Verify your email and phone number.

Step 2: Fund Your Account

• Click "Assets" and select "Deposit."
• Choose a deposit method (e.g., bank transfer, crypto transfer).
• Follow the instructions to deposit funds into your OKX account.

Step 3: Find the Perpetual Contract You Want to Trade

• Go to "Markets" and select "Perpetuals."
• Search for the perpetual contract you want to trade (e.g., BTCUSDT).

Step 4: Open a Position

• Click on the perpetual contract you selected.
• Choose whether to go long (buy) or short (sell).
• Enter the amount of contracts you want to trade.
• Click "Buy/Long" or "Sell/Short."

Step 5: Manage Your Position

• Monitor the price of the perpetual contract.
• If you want to close your position, click on the "Positions" tab.
• Click on the "Close" button for the position you want to close.

Additional Tips for Perpetual Trading in Dubai:

• Understand the risks: Perpetual contracts are leveraged instruments, which means they can amplify both profits and losses.
• Set stop-loss orders: Protect your capital by setting stop-loss orders to automatically close your positions if the price moves against you.
• Trade with a strategy: Develop a trading strategy to guide your decisions and minimize losses.
• Monitor the market: Stay updated on news and events that can affect the prices of perpetual contracts.
• Consider using a demo account: Practice trading perpetual contracts without risking real money.