Contract novice operation guide:

Before entering the field of contract trading, there are several key points that novices need to keep in mind.

1. Daily sharing sessions will give clear entry points, margin points, stop loss points and target points, which are the basis for formulating trading strategies. In operation, be sure to strictly follow these points to control risks and pursue returns.

2. The choice of exchange is crucial. It is recommended to choose Binance as the preferred exchange, which is safe and reliable, has a large trading volume and a good user reputation. Of course, OK is also a good choice, but Binance performs better in all aspects.

3. During the operation, the regulation of multiples is a link that requires special attention. For different types of currencies, the regulation range of multiples is also different. For example, for altcoins, the low multiple range is 3-6 times, the medium multiple is 7-12 times, and the high multiple is 13-20 times. For mainstream currencies such as big cake ether, the multiple range is relatively large. The regulation of multiples should be flexibly adjusted according to the range of the average price distance loss and the individual's risk tolerance.

4. Control of space is also an important skill in contract trading. According to the size of your own and Yue's total warehouse, you can divide the space into several parts, and use 20% to 30% of the space for each currency to trade. The entry point and the margin point should each occupy 10% to 20% of the space to ensure that there are enough positions to adjust when prices fluctuate. At the same time, a certain proportion of space should be left for each operation to deal with special circumstances.

5. Before starting trading, it is recommended that novices learn the basics of contract trading, including the use of exchanges, contract types, trading rules and risk management. This will enable a better understanding of market dynamics and trading mechanisms, and lay a solid foundation for future operations.

6. In the trading process, it is crucial to formulate a clear trading strategy. According to your own judgment and analysis of the market, set a reasonable entry point, stop loss point and take profit point. At the same time, always pay attention to market dynamics and price trends so as to adjust strategies in time.

7. Finally, risk management is an indispensable part of contract trading. Reduce risks by setting stop-loss orders, controlling positions and reasonably allocating space. At the same time, we must remain calm and rational, not be affected by short-term market fluctuations, and adhere to long-term and stable concepts.