1. Go long
The process of borrowing USDT and repaying USDT with the exchange does not charge interest.
2. Short selling
3. Liquidation
4. Summary
The handling fees of different exchanges are different.
5.okx contract practice
Perpetual contract: It means that it can always exist as long as the position is not liquidated. (Generally use this)
Delivery Contract: Indicates that when the delivery time is reached, the position will be closed regardless of loss or profit.
Full position: If there is 100 yuan in the account, even if you open a position of 1 yuan, as long as your position is exploded, all 100 yuan in the account will be lost. Lose money.
Isolated position: If your account has 100 yuan and you open a position of 1 yuan, if your position explodes, the account will only lose 1 yuan. money. (recommended)
Multiple: Generally less than 5 times. If you are aggressive, you can choose a high multiple.
Limit price order: For example, the current price of Bitcoin is 27,600 US dollars. I want to go long on it. I feel that the price will rise in the future, but I don’t want to go long now. BTC pulls back to 27,500 US dollars, and then goes long. Then you can set the BTC price to 27,500, then set how much BTC to go long, click to open long, and the order will be hung. [After placing an order, I don’t know whether it will reach 27500. If it falls below 27500, the transaction will be forced and a loss will occur] (it is not recommended to do long or short orders)
Market price order: Place an order based on the current best price in the market, and then go long or short [as long as the order is placed, it will be executed immediately, so you can stop profits and losses] (it is recommended to do market price orders Long (short)
Take profit and stop loss: What price can be set for take profit and stop loss.
Full market price: Positions can be closed as quickly as possible.