How to short on Ouyiokex

The following steps are required to implement short selling in OYI contract trading: 1. Understand the nature of short selling; 2. Open a contract account; 3. Select the short selling currency; 4. Select the direction of the short order transaction; 5. Set the leverage ratio; 6. Confirm Trading volume; 7. Create orders; 8. Monitor orders and manage risks. How to trade short on OKEx Profit when asset prices fall. On Ouyi, you can short digital assets through contract trading.

Step 2: Open a contract account

To conduct contract trading, you need to open a contract account. You can open an account by logging in to the Ouyi platform, clicking "Trading" > "Contract", and then following the prompts.

Step 3: Select the currency to short

Select the digital asset you want to short. The Ouyi platform supports various digital asset contracts, including BTC, ETH, DOGE, etc.

Step 4: Determine the trading direction

Select "Short Order" to indicate that you predict that the price of the selected asset will fall.

Step 5: Set up leverage

Leverage can amplify your trading position. Choose the amount of leverage you are willing to take on. Higher leverage increases your potential profit, but it also increases your risk.

Step 6: Select the trading volume

Enter the amount of the underlying asset you want to borrow. Please ensure you have sufficient margin in your account balance to cover potential losses.

Step 7: Create an order

Check your order details including volume, price and leverage. If you are satisfied, click the "Create" button to place your order.

Step 8: Monitor orders

Your order will be added to your contract account. You can monitor its performance in real time and close your position or stop your loss when the price reaches your target.

Tip:

Before making a short trade, do adequate research and understand the risks.

Establish a stop loss to manage your risk and avoid heavy losses.

Only use idle funds for contract trading because of its high volatility.

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