How to short on Ouyiokex

Through Ouyiokex contract trading, users can perform short-selling operations: register an account and transfer funds. Select the cryptocurrency contract and click "Sell". Enter the selling quantity and leverage multiple to establish a short position. Manage positions by closing or adding margin. Pay attention to leverage risk, liquidation risk, margin call and liquidity risk.

Ouyiokex’s contract short selling tutorial

Ouyiokex is one of the world’s leading cryptocurrency exchanges, providing contract trading services. Users can short-sell cryptocurrencies through contracts to profit from price drops. .

How to short?

To short-sell a contract, please follow the steps below:

1. Open an account: Register an Oex account.
2. Transfer funds: Transfer funds to your contract account.
3. Select a contract: Select the cryptocurrency contract you want to short on the contract trading page.
4. Open a short position: Select the "Sell" option, enter the selling amount and leverage multiple.
5. Manage positions: You can manage positions by closing positions or adding margin.

The principle of short selling

Contract short selling is similar to short selling in stock trading. When you go short, you borrow the cryptocurrency in the contract and sell it immediately. If you think the price will fall, you can close your position by buying the same amount of cryptocurrency when the price is lower, thereby profiting from the spread.

Risk Warning

Contract trading involves leverage, which magnifies returns while also magnifying risks. Therefore, be aware of the following risks when short selling:

• Liquidation risk: If the price rises too fast, your position may be liquidated, resulting in a loss of funds.
• Margin Call: When the market is volatile, you may need to make a margin call to maintain your position.
• Liquidity risk: During periods of market volatility, the liquidity of the contract may decrease, making it difficult to close the position.

Notes

• Understand the risks of contract trading and operate with caution.
• Set stop loss orders to limit potential losses.
• Choose a leverage multiple that suits your risk tolerance.
• Pay close attention to market dynamics and adjust positions in a timely manner.

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