How to trade futures on the APP?
Trading area: USDT-M Futures and Coin-M Futures
USDT-Marginated contracts use the stable currency USDT as margin to exchange BTC or other major currency contracts. Contracts margined in cryptocurrencies such as BTC, ETH use the corresponding cryptocurrencies (BTC, ETH) as margin to exchange futures contracts.
On the CoinCatch Futures page, you can switch between the USDT-M Futures and Coin-M Futures as shown in the figure below:
Operating Procedures
1. Download/Register/Login
Step 1: Download and install CoinCatch APP
Please refer to the CoinCatch APP installation tutorial to download and install the CoinCatch APP.
Step 2: Register and log in to CoinCatch account
Please refer to the tutorial on how to register
2. Funds
The APP currently has two ways to obtain digital assets for trading: Transfer and Deposit.
(1) Transfer
If you have USDT, BTC or ETH in your CoinCatch spot account, you can transfer USDT, BTC or ETH to the futures account.
To enter the "Transfer" page, click on the transfer icon indicated in the figure below.
Once you have entered the "Transfer" page, select USDT, BTC or ETH to transfer the assets from the spot account to the futures account. Then, enter the amount you want to transfer and click on the "Confirm transfer" button.
(2) Deposit
If you already have digital assets on the other platforms, you can deposit digital assets from the other platforms into your CoinCatch futures account by depositing the asset as shown in the figure below.
3. Futures Trading
Futures trading mainly involves three steps: placing an order to open a position, checking the position and closing the position.
(1) Placing a limit order
When selecting a limit order, you can set the transaction price. Market orders are executed at the current market price. Conditional orders include limit price conditional orders and market price conditional orders, allowing you set the trigger price of the order.
To switch between the order types, use the dropdown menu shown in the following figure:
After selecting the order type, confirm the leverage ratio and the order quantity (as shown in the figure below). Additionally, you have the option to choose a percentage for the order quantity, and then click "Buy/Long" or "Sell/Short".
For the order quantity, you can switch the order quantity unit to USDT or BTC in the USDT-settled contract. The transaction page will adjust accordingly based on the selected unit after switching.
(2) Checking positions
After submitting the order and executing the transaction, you can click on the "Position" (shown in the image below) to check your own position information, including contract name, corresponding trading area, order quantity, leverage ratio, unrealized profit and loss, and return on equity.
Take-profit and stop-loss: After setting the take-profit or stop-loss amount, the system will automatically execute the selling of contracts at the specified order amount for the the open position. Setting take profit and stop loss can effectively prevent losses due to excessive market fluctuations on all contracts you have ordered. It is highly recommended for traders to set take-profit and stop-loss orders to avoid the risk.
(3) Closing positions
When you want to close a position after holding it, you can click on "Close" button on the corresponding order to close the position at the limit price or at the market price.
Alternatively, you can directly use the opposite order in the order placement area to reduce or close the position.
(4) Checking order records
You can click on the "History" in the lower right corner of the contract page to view the order history
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