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7. Spot: Refers to the direct buying and selling of cryptocurrencies without any leverage.

8. Contract: A type of financial derivative that is similar in basic logic to futures, allowing for long (making money when prices rise, losing money when they fall) and short positions (making money when prices fall, losing money when they rise), and allowing for the use of leverage to amplify profits (which also increases losses).

9. Leverage: Unlike contracts, leverage involves trading through borrowed coins, requiring hourly interest payments on the borrowed coins (the interest fluctuates every hour), similar to stock margin trading.

10. Transfer: Cryptocurrency operates under an account segregation system, with initial funds in a capital account. Spot trading requires a transfer to the spot account, while contract trading requires a transfer to the contract account (OKX unifies spot trading and contract trading into a trading account).

11. Market Order: Ensures execution at market order prices as quickly as possible; market orders are always taker orders.