$ETH
What is futures trading?
Futures trading means you are buying or selling a contract (not the actual asset) based on your expectation of the price direction in the future, without needing to own the actual currency.
Trading pair: ETHUSDT
This means you are trading contracts on the price of Ethereum against the dollar (USDT).
Leverage (5x):
This means you are trading with an amount multiplied by your capital. For example, if you have 100 dollars, your purchasing power becomes 500 dollars. (But the risk is higher).
Types of orders:
Limit Order: You set the price at which you want to enter.
BBO: Best current bid or ask in the market.
Open position button:
Open long position (buy): This means you expect the price to rise.
Open short position (sell): This means you expect the price to fall.
Price information:
You see the current prices for buying and selling and the quantities of contracts.
Countdown financing:
It shows you the time until the next funding (funding occurs periodically and is deducted or paid to you based on your position).
Basic steps to open a position:
1. Choose the pair: like ETH/USDT.
2. Determine the type of order: market (immediate) or limit (at a price you set).
3. Choose the leverage: Be careful because leverage increases both profit and loss together.
4. Open a position:
Click on "Open long" if you expect the price to rise.
Click on "Open short" if you expect the price to fall.
5. Manage the position: Set a stop-loss or take-profit order to protect your capital.
