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How to Start Perpetual Trading?

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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.
 
My crypto account was hacked by my young niece, and she is now in the UK with her family. I cannot trade anymore if I wish to. I have to reconstruct my crypto account.
If your crypto account has been hacked by your niece, maybe because your password is weak, or she has stolen your private key, so you have to recreate the crypto account with a different email.
 
Before trading, a user should put the currency on the Derivatives account. Open the Account page. Press Transfer option in the required currency line
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Before trading, a user should put the currency on the Derivatives account. Open the Account page. Press Transfer option in the required currency line
 
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