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Before understanding how to play Bitcoin futures contracts, the editor of Bitcoin Circle believes that investors should first understand Bitcoin futures contracts. Bitcoin futures contracts are usually standardized contracts based on the Bitcoin price index. For example, in order to complete this For a Bitcoin futures transaction, A and B will sign an agreement in advance. This agreement is called a futures contract. After understanding the Bitcoin futures contract, we return to the topic. How to play with the Bitcoin futures contract? Below, the editor of the currency circle will take you to find out. How to play Bitcoin futures contracts? For example: Suppose the price of XX coin is 100 yuan, Zhang San and Li Si are two people, Zhang San is bullish and Li Si is bearish, both of them go to a certain trading platform for futures trading according to their own opinions , Zhang San uses 100 yuan as principal (margin) to go long (buy up) in futures on a trading platform, Li Si also uses 100 yuan as principal, chooses to buy down, assuming that Zhang San and Li Si both use 10 times Under leverage! When two people buy, XX coins fall to 90 yuan each, which means a 10% drop. If we conduct spot trading, a loss of 10% means a loss of 10 yuan for 100 yuan, leaving 90 yuan. Yuan! But both Zhang San and Li Si increased their leverage by 10 times, which means that their losses or profits were magnified 10 times on the original basis! At this time, the income of the two people is: Zhang San lost 100 yuan, Loss of 10% * 10 times leverage = loss of 100%, that is, 100 yuan! And Li Si chose to buy down, which means that he bought right, and his profit was 100 yuan, profit of 10% * 10 times leverage = profit 100%. The result is that Zhang San lost all his principal of 100 yuan, while Li Si took 100 yuan and earned 100 yuan, and the principal became 200 yuan! This is only 10 times leverage. If it is 100 times leverage, XX coins only need If the price falls to 99 yuan, Zhang San's loss will reach 100%. If the price falls by 1 yuan, the loss will be 1%. 1%*100 times leverage = 100%! In order to facilitate everyone's understanding, the above example does not calculate the transaction fee. . In addition, there is another special note. In the above example, Li Si's profit may not reach 100%. Because the futures platform requires buying the corresponding currency as a margin. For example, if you trade Bitcoin futures contracts, you need to buy Bitcoin at the current price as a margin! Applying the above example, Li Si still has to calculate The loss of margin after the price drops. For example: Wang Wu bought 100 X coins at a price of 1 yuan each, used these 100 coins as margin, and went short with 10 times leverage. When the currency fell to 0.9 yuan, his futures profit was 100%, but he bought The 100 coins have also dropped 10% from the purchase price. Calculated, his actual profit is 90%. Most trading platforms now have a margin system for the use of leverage in "futures contracts" and will give a minimum margin rate. Generally, if you want to open a leverage of 10 times, the minimum margin rate is 10%. When your loss reaches the minimum margin and you don’t make a margin call, your position will be forced to be liquidated! Taking the above example, Zhang San opens ten times leverage with a principal of 100 yuan, and his loss does not require a margin call as long as his loss exceeds 90 yuan. If so, he will be forced to enter the platform. According to price calculation, when the XX coin drops from 100 yuan to 91 yuan, Zhang San’s loss will reach 90%. At this time, the position will be forced to be liquidated, so in fact, Zhang San cannot do anything. When the loss is 100%, he still has 10 yuan left of his 100 yuan principal! When the user's position number or the number of orders is too large, and the platform believes that it may cause serious risks to the system and other users, the platform has the right to require the user to adopt methods including but It is not limited to risk control measures such as order cancellation and position liquidation. The platform has the right to adopt measures including but not limited to limiting the total number of positions, limiting the total number of orders, limiting the opening of positions, canceling orders, forced liquidation and other measures for risk control. Tutorial on how to play Bitcoin contracts for beginners. If you want to trade Bitcoin contracts on Binance (if you don’t have an account yet, you can click here to register a new account), you only need to create an account and deposit a small amount of funds. Here is a step-by-step guide to trading Bitcoin futures contracts: 1. Create a Binance account and enable 2FA (two-factor authentication). If you already have an account, be sure to enable two-factor authentication in order to deposit funds into your contract account. 2. Buy BUSD, Tether (USDT) or other supported cryptocurrencies for contract trading. The most convenient way is to purchase with a debit or credit card. 3. Go to the Bitcoin Contract Overview and select the type of contract you wish to purchase. Choose a coin-margined contract or a U-margined contract, and whether it is a perpetual contract or a contract with a set expiry date. 4. Choose a reasonable leverage ratio. You can perform this operation on the right side of the [Cross Position] button in the trading user interface. Remember: when you increase your leverage, even small price fluctuations increase the risk of being forced to liquidate your position. 5. Please select the quantity and type of the order, and then click [Buy/Long] or [Sell/Short] to establish a Bitcoin contract position. Finally, the editor of the currency circle reminds investors that they should learn to give up when investing in Bitcoin contracts. After all, everyone has times when things don’t go well. The trend may frequently cause you to suffer losses, or you may simply be unlucky these days. Now, you have to learn to give up, go out to relax, and do something else. Trading also depends on your state. Once you lose money frequently, your mentality will be easily affected, making you uncool when opening a position. If the position is too large, you will be eager to smooth out the losses, or even There is a bit of an indifferent mentality. Once you are not calm when doing transactions, a greater disaster may be ahead.