What is the meaning of okex contract trading (okex contract trading tutorial video)

What does OKEX contract trading mean? According to OKEX official information, OKEX contract trading uses Japanese yen for margin and delivery settlement. In Bitcoin futures trading, leverage is mainly divided into two parts: firstly, when you open a position, it will automatically execute long short orders. If a user purchases multiple Bitcoin positions at the same time and has two positions greater than or equal to 1BTC, it can be considered as a long or short account, but at this time, it is necessary to choose a direction, that is, as long as one person has significant control over a certain asset or has some rights; Another scenario is when a user sells a Bitcoin on another account and immediately buys it back at the current price

OKEX Contract Trading Tutorial Video

Introduction: The video explains how to use the OKEx trading system for users. The specific tutorial is as follows:

1. Select Stop Profit and Stop Loss (as seen on the 0 axis above) in the contract account to open a position After opening the simulation disk contract interface and setting the stop loss and stop loss, you can start placing orders (as shown on the right side of the figure) 3. Click the small button above to enter the profit sharing range of short/long positions (the first order). After completing the order, you can continue to profit and take profits, and the margin will not suffer any losses 4. After entering the stop loss and stop loss instructions in the contract account, you can start short selling or reducing your holdings. The profits will be distributed in the form of positions, but the losses will be deducted proportionally. Therefore, it is not recommended to buy or sell immediately.