1. What is a cryptocurrency contract?

Contracts are divided into perpetual contracts and delivery contracts!

The main difference is that perpetual contracts have no expiration date or settlement date! Delivery contracts have a deadline, and will automatically close and settle upon expiration! Basically, small retail investors play more perpetual contracts!

The contract is also divided into full-position mode and position-by-position mode!

The main difference is: in the full-position mode, the margin is shared. As long as one order can't hold up and explodes, everything is lost! In the position-by-position mode, the margin of each position is established separately, and they are not affected by each other. If it explodes, only part of it will explode! (In short, the explosion is the fate of the contract)

Contracts are also divided into currency-based contracts and U-based contracts!

The main difference is: one earns U and the other earns coins. It is recommended that you use the coin standard when you go long, and the U standard when you go short! Earn coins when the price goes up, and earn U when the price goes down.

The simplest way to understand a contract is to multiply your capital. With leverage, your profits or losses will be magnified. It can be summed up in two words: exciting!

2. What are the points that need attention in the contract?

1. Don't resist orders, set up stop-profit and stop-loss! Don't think that you have a lot of funds and can withstand a large retracement. You should know that a single liquidation of tens of millions is also very common in the currency circle. There is a power called a pin!

2. Try not to leave the contract overnight. It is best to close the position or set a stop profit and stop loss before leaving it overnight to avoid regrets the next day!

3. For large funds, try to choose large exchanges to place orders to avoid being unable to withdraw profits later! Don’t be greedy for the cheap handling fees, because small exchanges are targeting your principal!

4. Before selecting the currency for the contract, please check the trading volume of the contract. If there is not much volume, do not play with small currencies to avoid being unable to close the order later!

5. If you lose money on the contract, just accept it. If you make money on the contract in the short term, withdraw the cash and store spot goods. The cryptocurrency circle is still dominated by spot goods. Even if you lose money on the contract later, you still have the capital to make a comeback!

3. Why no contract?

1. Contract orders require a long time of watching the market and the market conditions. Usually, there are many things to do and it is impossible to pay attention to the short-term market fluctuations in real time!

2. The current market is in a bull market in the cryptocurrency circle. When the market is good, the rate of return on cash may not be lower than that of the contract!

3. Old fans should understand! I won’t elaborate here!

The final success in the cryptocurrency circle must be those who play spot, or those who make money from contracts and hoard spot! ! Some things you have to experience to understand, I really don’t recommend playing contracts by yourself. If you really want to play, you can find a reliable KOL to play with you! It is difficult for ordinary retail investors to make money in the cryptocurrency circle. Your cognition cannot be improved without experiencing a few rounds of bull and bear markets! The bull market has come, and if you still plan to study it yourself, you may miss this wave of bull market!

You can walk fast alone, but you can walk far with us!

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