Tutorial on how to play perpetual contracts with 10x and 75x leverage for beginners

Perpetual contracts are a type of financial derivatives that use leverage, allowing users to amplify trading profits. Newbies should use 10x or 75x leverage with caution and follow risk management strategies, including: only using affordable funds, setting stop-loss and take-profit orders, understanding market and limit orders, and adopting trend or reversal entries. strategies and managing positions. Perpetual contract trading involves high risks, and you should do your research and consult professionals before participating.

Perpetual contract 10x and 75x leverage tutorial for beginners

Getting started: What is a perpetual contract?

Perpetual contracts are a type of financial derivatives that track the real-time price of an underlying asset (such as Bitcoin), allowing users to use leverage to amplify trading gains. Leverage refers to borrowing funds to increase the size of a trade, thus magnifying potential profits or losses.

The difference between 10x and 75x leverage

• 10x leverage: The initial margin is 10% of the transaction value, which means that users can trade perpetual contracts with a value greater than 10 times their own funds.
• 75x Leverage: Initial margin is 1.33% of the trade value, which significantly increases potential profits and losses.

How to play tutorial for newbies

1. Risk Management

The risks of high leverage trading are extremely high, and novices should only trade with funds they can afford. Start with small amounts of money and gradually increase leverage as you gain experience.

2. Order type

Market order: Execute the order immediately at the current market price.
Limit Order: Execute the order at the specified price or better.

3. Entry Strategy

• Trend Trading: Analyze market trends and follow the trend direction to enter trades.
• Reversal Trading: Look for signs of market trend reversal and take advantage of reversal entry trades.

4. Stop Loss and Take Profit

Stop Loss Order: Triggered at a predetermined price level to limit losses.
Take Profit Order: Triggered at a predetermined price level to lock in profits.

5. Position Management

Add positions: Add positions to profitable positions to increase potential profits.
Reduce positions: Reduce positions on losing positions to reduce potential losses.
Closing: Close all current positions to lock in profits or losses.

Note:

• Perpetual contract trading may involve significant risks, and novices should understand the risks before participating.
• Using high leverage will magnify gains and losses and should be used with caution.
• Always use stop loss and take profit orders to manage risk.
• Conduct your own research and consult a professional before making any trading decisions.

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