The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Many newcomers to digital currency investment will begin to understand contract trading after a brief taste of spot trading. Before they actually conduct contract trading, newcomers often consult materials to understand the model and rules of digital currency contract trading. Some investors even open an account and try it with a small amount of funds to see if they are suitable for this market. In fact, this is a very good method. Many times, we will find out whether we are really suitable for this trading model after we really try it. So are newcomers suitable for playing contracts? Let the editor of the currency circle bring you a tutorial on playing contracts for newcomers.

 Are newcomers suitable for playing contracts?

Whether newcomers are suitable for playing contracts or not, in fact, everyone's situation is different. Before investing in digital currency contracts, newcomers can consult a lot of information to understand the digital currency contract model, or even open an account to try the waters. After operating it several times, they can feel whether they are suitable for this market. Generally speaking, newcomers lack a lot of details and skills.

Secondly, the operation skills of digital currency contracts also need to have stop loss and stop profit control. Setting stop loss and stop profit is not only for novices, but also for experienced digital currency investors. Setting stop loss and stop profit is a very necessary digital currency contract operation skill, because digital currency belongs to investment and financial management. Since investment has gains and losses, different personal situations have different acceptable losses. Setting stop loss is set according to the investor's own situation.

In fact, many investors start with a certain amount of capital injection. This is not because they have little capital, but just for safety considerations, and then increase the capital investment little by little until the appropriate capital ratio is reached.

A widely recognized saying in the financial management industry is that the contract investment assets should not exceed 20% of the total investment assets. That is to say, if a person is ready to invest 1 million yuan, then the money for contract operation should not exceed 200,000 yuan.

 Newbie contract tutorial

Let's take the OKX contract as an example to introduce the newbie contract tutorial. The OKX contract is a contract product settled in digital assets. Investors can obtain the income from the rise or fall of digital asset prices by buying long or selling short. Perpetual contracts have no expiration date and never expire.

(I) Account registration

1. Open the official website of OKEx (), download the OKX
APP, click "Register/Login" on the homepage, click "Register Now", enter the email address, click "Register", and then enter the six-digit verification code received in the email, which is valid for 10 minutes

2. Next, you need to verify your mobile phone number. Enter your mobile phone number, click "Verify Now", and then enter the mobile phone verification code. The verification code is valid for 10 minutes, and click "Next"

3. Make sure that the selected place of residence is consistent with the information shown on the certificate. In order to protect the security of the account, please set the account password according to the prompts. After the password is set, click "Next" to complete the account registration

4. After completing the registration and login, click the button in the upper left corner of the homepage, click the top of the page on the jump page to enter the personal center, and go to the personal information and settings page. On the personal information page, click identity authentication and complete the authentication according to the prompts.
After passing the Lv.1 level authentication, you can trade digital assets. You can also choose to continue with the Lv.2 advanced authentication to obtain higher trading permissions.

(II) Trading Settings

1) To conduct contract trading, you need to open the account mode and set it to single-currency margin mode or cross-currency margin mode.

2) You can continue to set up the contract, select the trading unit and order mode in a personalized way.

(III) Delivery Contract Trading

Delivery contracts are divided into USDT margin delivery contracts and currency-margined margin delivery contracts. Here, we take the currency-margined weekly delivery contract as an example.

1. Similarly, transfer our digital assets from the capital account to the trading account. If it has been completed, no additional transfer operation is required.

2. On the trading page, click the drop-down button on the right side of the currency pair, enter the currency in the search box, select delivery in the margin trading, and select the currency-margined contract with a contract period of the current week, next week, quarter or next quarter. Here, we take the quarterly contract as an example.

3. Set the leverage multiple, select the account mode, order type, enter the price and quantity, and click Buy to open long (bullish) or Sell to open short (bearish). For unfulfilled orders, you can click Cancel Order to cancel the order.

4. After the pending order is executed, you can view the relevant data of the order in the position interface, such as margin, income, yield, estimated forced liquidation price, etc.

5. You can set stop profit and stop loss in the position interface, and you can also choose to close the position, enter the closing price and closing quantity to determine the closing position, or choose the market price to complete the closing operation.

The above content is the specific explanation of the editor of the currency circle on the question of whether newcomers are suitable for playing contracts. In the process of contract trading, the most important thing is to reasonably control the position. Reasonable control of the position can bring us the opportunity to obtain stable profits. In addition, setting a stop loss is also very important. If we do not set a stop loss for the sake of convenience, every transaction we make will be huge. In general investment, we are always used to looking at the daily chart for short-term operations. In fact, this is equivalent to treating the long-term fluctuation trend of BTC as a short-term operation, which is very dangerous. In this way, our future losses will only increase.