🔹 1. Preparation
Exchange: go to Binance / Bybit / OKX (futures support needed).
Transfer USDT to the futures account.
Choose a trading pair: 1000000BOBUSDT Perpetual (sometimes referred to as 1000000BOB/USDT Perp).
🔹 2. Trade setup
Leverage: usually 5–20x for beginners.
Example: with 10x leverage, you only need 10% margin of the position value.
Order type:
Market (at market) — instant entry.
Limit (at limit price) — entry at your price.
🔹 3. Opening a position
Let's assume:
Price 1000000BOB = 100 USDT (example).
Do you want to go long on 1 contract (1,000,000 BOB).
👉 Position value = 100 USDT.
👉 With 10x leverage, margin = 10 USDT.
If the price increases by 10%, your profit = 10 USDT (100%).
If the price drops by 10%, you will lose all your margin.
🔹 4. Position management
Take-Profit (TP): set a target in advance (for example, +15%).
Stop-Loss (SL): set a protection (for example, -7%) to prevent losing all your margin.
Funding Rate: a fee may be charged (or accrued) every 8 hours depending on the balance of long/short positions in the market.
Manage the size of leverage: the higher the leverage, the faster the profit and loss.
🔹 5. Closing the trade
Close manually (Market Close).
Or set Limit/TP/SL in advance.
⚡ Strategy for beginners:
Start with a small position and leverage no more than 5–10x.
Use the rule: risk per trade no more than 1–2% of the deposit.
Always work with a stop-loss.