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Perpetual trading is a popular feature on crypto exchanges. It allows traders to speculate on crypto prices in both directions, either up or down, creating a greater opportunity for profit.
Perpetual trading is a type of derivative contract without an expiration date, allowing traders to maintain their positions as long as they meet margin requirements. This is slightly different from futures contracts, which have an expiration date. Furthermore, traders can use leverage to generate greater profits.
So, before you start perpetual trading, you should have an account on a crypto exchange such as Binance, Kucoin, Bybit, or another.
Deposit funds.
Select a contract pair, for example, SOL/USDT.
Set your position, choosing Short if the price is expected to fall and Long if the price is predicted to rise.
Manage risk by using the Take Profit and Stop Loss features.
This post is for informational purposes only and is not a solicitation to trade, as Perpetual trading carries high risks.
Perpetual trading is a type of derivative contract without an expiration date, allowing traders to maintain their positions as long as they meet margin requirements. This is slightly different from futures contracts, which have an expiration date. Furthermore, traders can use leverage to generate greater profits.
So, before you start perpetual trading, you should have an account on a crypto exchange such as Binance, Kucoin, Bybit, or another.
Deposit funds.
Select a contract pair, for example, SOL/USDT.
Set your position, choosing Short if the price is expected to fall and Long if the price is predicted to rise.
Manage risk by using the Take Profit and Stop Loss features.
This post is for informational purposes only and is not a solicitation to trade, as Perpetual trading carries high risks.