In the digital currency trading market, OKEX's Euro-based perpetual contract trading is a common trading method that allows investors to flexibly go long and short to obtain more returns. This article will explore in depth how to do Euro-based trading on OKEX, including specific operation tutorials for going long and short, to help investors better grasp market opportunities.

 How to go long and short?

Euro-based trading is a derivative trading method that allows investors to go long (bullish) or short (bearish) based on the rise and fall of digital currency prices. On OKEX, Euro-based trading provides leveraged trading functions, allowing investors to control positions of greater value with a small amount of funds, thereby amplifying returns.

 Go long

Go long refers to a trading strategy in which investors believe that the price of digital currencies will rise and make profits by buying contracts. On OKEX, investors can choose Euro-based contracts, set the purchase price and quantity, and wait for the price to rise before closing the position for profit. For example, if an investor expects the price of Bitcoin to rise, he can choose to go long, buy Bitcoin contracts, and sell them when the price reaches the expected level.

 Short Selling Operation

Shorting operation is a trading method in which investors believe that the price of digital currency will fall and sell contracts to make a profit. In the OKEX exchange's Euro trading, investors can choose to short Bitcoin and other digital currencies, wait for the price to fall, and then buy back to close the position. For example, if investors analyze that the price of Ethereum is about to fall, they can choose to short the Ethereum contract and wait for the price to fall before buying back the contract to make a profit.

 OKEX exchange long and short tutorial

To conduct Euro trading on the OKEX exchange, investors need to have certain market analysis capabilities and risk control awareness. Here are some operation tutorials to help investors better conduct Euro trading:

 1. Market analysis

Before conducting Euro trading, investors need to conduct a full analysis of the market, including technical analysis and fundamental analysis. Technical analysis can help investors identify price trends and support and resistance levels, while fundamental analysis can understand the value and future development trends behind digital currencies.

 2. Set stop loss and take profit

When conducting Euro trading, it is very important to set stop loss and take profit. Stop loss can help investors stop loss in time to reduce losses, while take profit can lock in profits. Investors should set reasonable stop loss and take profit points according to their risk tolerance and profit expectations.

 3. Manage leverage ratio

When trading on OKEX, investors can choose different leverage ratios, such as 2x, 5x, 10x, etc. High leverage can magnify returns, but it also comes with higher risks. Investors should choose leverage ratios reasonably according to their own strength and market conditions to avoid excessive leverage leading to liquidation.

 4. Risk control

In digital currency trading, risk control is crucial. Investors should control the amount of funds for each transaction to avoid capital losses due to excessive trading. At the same time, adjust trading strategies in time to avoid risks brought by market fluctuations.

 Conclusion

OKEX's European trading provides investors with flexible and diverse trading methods, and they can obtain profits in the digital currency market through long and short operations. When trading on European trading, investors need to operate cautiously, set stop loss and take profit reasonably, and control risks in order to better grasp market opportunities and obtain stable returns. We hope that the tutorial in this article can help investors better perform OKEX operations and realize investment appreciation.

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