What is the significance of contracts?

There is no limit on the direction of opening orders: for example, you can only open long orders for spot trading. When you are not optimistic about a currency, you can use contracts to open short orders.

Flexible use of funds: for example, if you want to open a position of 10,000U, you can open 1,000U-10 times or 500U-20 times. This way, it is easier to cover the position.

For me personally, these are the two points. I really don’t understand why some people dare to open 10,000U-10 times or 10,000U-20 times when they only have 10,000U.

Using high leverage to borrow funds that are several times more than your principal for speculative behavior, it is common to blow up a position, but it is rare to make money.

If you want to use contracts, first understand the basics, such as leverage multiples and funding rates. If you don’t know anything, you will blow up your position and blame a tool for harming others.