1.Log in to XT App, click on [Trading] to choose the Perpetual contracts you wish to trade. Below is an example of BTCUSD.
2.Right top corner shows K-Line and funds transfer.
3.Transaction
(1) Select the transaction variety: reverse contract (Perpetual contract). A perpetual contract is a permanent contract with the corresponding digital asset as the deposit, current trading pairs are BTCUSD, ETHUSD, TRXUSD/LTCUSD, etc. More trading pairs will be available soon. The following will take the reverse contract BTCUSD as an example.
(2) Transfer of funds: Click on the [Wallet] at the bar below, choose “Futures”. If the available fund is insufficient, click [transfer] to transfer the funds of another account to the contract account. if the other account has no funds, it can be deposited or purchased via fiat currency.
(3) Submit Order: fill in the entrusted information (price, quantity, etc.) in the order area, click [buy/sell] to submit the order.
4.Leverage
The XT perpetual contract supports a maximum of 100 times leverage, and the leverage multiplier varies from product to product. Leverage is determined by the initial deposit and maintaining the deposit level. The leverage multiplier also determines the minimum funds required to open and maintain positions.
*Currently support users to modify different leverage multipliers in the cross margin and can modify any leverage multiplier from the isolated margin.
5.Margin position
The maximum loss of margin positions is limited to the initial deposit and margin position deposit used in the isolated margin. If the position is forced to close the margin, the user only loses the margin deposit, and the account available balance will not be transferred. By isolating the deposit used in a margin, you can limit the loss to the initial guaranteed amount in this position, thereby helping you when your short-term speculative trading strategy fails.
6.Buy/Long and Sell/Short
(1) Buy/Long
If the trader thinks that the price of the market will rise in the future, he will buy a certain number of contracts.
In fact, the contract is bought at a suitable price, and close(liquidate), when the market price rises to earn the difference, is similar to the spot transaction, which is referred to as "buy first and sell later".
(2) Sell/Short
If the trader thinks that the price will fall in the future, he will "short" a certain number of contracts.
Short is actually selling the contract at a suitable price, waiting for the market price to fall, and close (liquidate) to earn the difference, referred to as "sell first and buy later".
Congratulations on completing the above steps, you have successfully traded now!
7.Order
XT contracts can be Ordered in a few ways to fully meet the trading needs of traders.
