Futures Trading: A Complete Guide for Beginner
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:
Step 1: Register a CoinUnited.io account
Sign up for a new account using your email or phone number.
How to Register on CoinUnited.io
Step 2: Deposit USDT, or other coins into your account as margin
Transfer funds to your CoinUnited.io wallet to use as margin. You can deposit USDT or any supported crypto.
How to deposit / withdraw crypto?
Step 3: Choose a contract
Step 4: Enable margin trading and select your preferred level of leverage
Allow margin trading on your account, then pick the leverage level that suits your risk tolerance. Higher leverage offers larger potential returns but also comes with greater risk.
Spot and Perpetual Margin Trading Explainer
Step 5: Choose the appropriate order type
Decide between market orders, limit orders, or other specialized order types depending on your strategy and market conditions.
Types of Orders on CoinUnited.io Contracts
Step 6: Indicate the number of contracts you wish to own and start trading
Enter the quantity of contracts you wish to trade and open your position.
Specifications of USDⓈ-Margined Contracts (Crypto Perpetuals & CFDs)
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.
Tracking Profit and Loss
Monitor your positions and manage your risk using unrealized PNL (Profit and Loss) and ROE% (Return on Equity) calculations.
How to Calculate Unrealized PNL and ROE%
Need More Help?
For further questions or issues, please visit our Help Center or use our chatbot for assistance.
We're here to help. Happy trading!