Content of this article：
How to Open a Position on the Web？
How to Open a Position on the App？
What is Opening a Position?
Opening a position refers to the action taken by a futures trader to buy or sell a futures contract.
Also known as establishing a position, it is the process of converting a certain portion of the cash assets in your account into futures contracts. Simply put, it is turning money into futures contracts. There are two ways to open a position in futures:
Operation 1:
If you expect the future price of a futures contract to rise, the corresponding action is to buy to open a long position. In trading jargon, this is called "going long." If your buy-to-open order is filled, you become a "bull" in the futures market.
Operation 2:
If you expect the future price of a futures contract to fall, the corresponding action is to sell to open a short position. In trading jargon, this is called "going short." If your sell-to-open order is filled, you become a "bear" in the futures market.
How to Open a Position on the Web？
Using BTCUSDT perpetual futures as an example, users can either buy to go long or sell to go short to profit from the rise or fall in digital asset prices.
Bullish – Buy to Go Long
Click Futures on the top of the homepage — select USDT-Margined Futures — Perpetual to enter the trading page.
Before opening a position, ensure there are funds in your futures account. You can either buy coins or transfer funds from your spot account. XT does not charge fees for internal transfers. For detailed instructions, refer to how to transfer and view futures account funds.
Next, select Cross/Isolated Margin and set your Leverage.
Choose the order mode: Limit, Market, or Trigger Order, then input the Price and Quantity, and click Buy to Open Long.
Bearish – Sell to Go Short
Select Cross/Isolated Margin and set your Leverage.
Choose the order mode: Limit, Market, or Trigger Order — input the Price and Quantity, and click Sell to Open Short.
How to Open a Position on the App？
Take BTCUSDT perpetual contract as an example:
- Click on 'Contract' - Click on the double-sided arrow icon - Select the BTCUSDT contract under 'USDT-M Contract' - Enter the trading page.
- Select 'Cross/Isolated Position', 'Leverage Multiplier' - Select the order mode 'Limit Price' or other options - Enter 'Price', 'Quantity'- Click 'Buy long' or 'Sell short'.