When you go long, you buy a futures contract with the expectation that it will increase in value in the future. Conversely, when you go short, you sell a futures contract and bet on prices to decline in the future.
Here's how to get started:
1. Register a CoinUnited.io account: link
2. Deposit USDT, or other coins into your account as margin: link
3. Choose a contract
4. Enable margin trading and select your preferred level of leverage: link
5. Choose the appropriate order type: link
6. Indicate the number of contracts you wish to own and start trading: link
Through futures contracts, you can profit in both ways as the value of an asset rises or falls. This is different from spot markets, where traders can only profit when the value of an asset increases.
How to calculate Unrealized PNL and ROE%: Link
Need More Help?
For further questions or issues, visit our Help Center or use our chatbot for immediate assistance. If you can't find the answers, submit a request ticket or email us. We're here to help. Happy trading!