Here is a simplified explanation of paper trading and futures contracts for WCT currency:
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📌 First: What is paper trading?
Paper trading means practicing trading without using real money, where:
You use a demo account on a trading platform like Binance or Bybit.
You follow market movements and execute buy and sell orders as if you were trading in real life.
Suitable for beginners to learn trading or to try strategies without financial risks.
🚫 Note: Profits in paper trading are not real, nor are the losses.
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⚡ Second: Futures contracts for WCT currency
What are futures contracts?
Futures contracts are an agreement to buy or sell an asset (like WCT currency) at a specified price later, and include features such as:
Leverage: Allows you to trade with amounts larger than your actual capital.
Profit in decline or rise: You can open a sell (Short) position if you expect the price to drop, or a buy (Long) position if you expect the price to rise.
Settlement: Can be cash or physical, depending on the platform.
When will WCT be available for futures?
The currency must be listed in the futures section on the trading platform.
Not all currencies are available in the Futures section.
Make sure WCT is listed under Binance Futures contracts or any other platform like OKX, Bybit.
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🧠 Practical example:
1. If you expect the price of WCT to rise:
Open a Long position with a futures contract.
2. If you expect the price to drop:
Open a Short position.
3. You set a stop loss and take profit order based on analysis.
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💡 Do you want to know:
Is WCT actually available in futures on Binance or Bybit?
How to open a virtual or real trade on WCT?
I can check availability for you now or explain the method step by step. Just let me know ✅
