Perpetual futures are virtual contracts with no expiration date, similar to spot trading but with leverage, allowing traders to amplify both gains and risks. Users can participate in market movements by going long (buying) or short (selling) futures contracts.
In perpetual futures trading, leverage refers to the ability to control a larger position with a smaller amount of capital. Choose an appropriate leverage level based on your risk tolerance.
For example, if an investor anticipates an asset's price will rise or fall, they can open a long or short position accordingly to profit from the price movement.
In cryptocurrency trading, perpetual futures provide investors with more trading strategies and opportunities. Echobit futures offer a simple, secure, and reliable trading experience.
Advantages of Echobit Perpetual Futures
- 100+ margin trading pairs, with leverage up to 1x - 200x
- Industry-leading depth and high liquidity, ensuring fast and precise order execution
- 24/7 trading, uninterrupted market access
- Hedging strategies to optimize portfolios and mitigate market volatility risks
- Smart risk management, including advanced take-profit and stop-loss features for precise risk control
- Exclusive professional charting and analysis tools, providing real-time market insights
- User-friendly interface, requiring minimal setup for beginners to get started easily
Who Can Benefit from Echobit?
- Beginners: Simple operations and low entry barriers help new users quickly get started and experience the potential of futures trading.
- Small investors: Controlled risks with a low-cost entry, making it ideal for those gradually exploring futures trading.
- Experienced traders: A diverse range of trading modes, smart risk control systems, and professional analysis tools to help traders capture market trends and manage risk efficiently.
Transferring Funds to a Futures Account
To enhance risk management, Echobit separates funds into different accounts, including wallet accounts, futures accounts, and copy trading accounts. After depositing funds into your Echobit account, they will be stored in the wallet account by default. Before trading futures, you need to transfer funds to your futures account.
Steps to transfer funds:
- Log in to Echobit, click on “Assets” > “Asset Overview” in the top right corner.
- On the Asset Overview page, click “Transfer”.
- Select “Futures Account” as the destination, enter the transfer amount (e.g., USDT), and click “Confirm”.
How to Place Your First Futures Trade?
Once funds have been transferred to your futures account, follow these steps to start trading:
Log in to Echobit and click “Futures Trading” in the navigation menu.
On the Futures Trading page, BTC/USDT perpetual futures is set as the default trading pair. Click on the trading pair to select others, such as ETH/USDT, DOGE/USDT, etc.
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Confirm the margin mode and set trading parameters:
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Margin Mode (Cross / Isolated)
- Cross Margin: All positions share the same margin balance in the futures account.
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Isolated Margin: Each position is independent, with separate profit and loss calculations.
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Leverage Settings Click on the “10x” leverage indicator next to position mode to adjust the leverage level. For BTC/USDT contracts, leverage ranges from 1x to 200x. Beginners are advised to use lower leverage.
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Order Types
- Limit Order: Set a specific price at which you want to buy/sell. The order will execute once the market reaches the set price.
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Market Order: The trade is executed immediately at the best available price without setting a specific price.
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Take-Profit & Stop-Loss Set stop-loss or take-profit prices to manage risks effectively. Once the asset price reaches the set value, the order will be closed automatically.
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Placing an Order After configuring the settings, click “Buy/Long” if expecting the price to rise or “Sell/Short” if expecting the price to fall. Then, click “Confirm” to place the order.
In futures trading:- Long (Buy): The trader expects the asset price to rise.
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Short (Sell): The trader expects the asset price to fall.
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Order Management & History
- Open Positions: Displays active futures orders, including entry price, position size, and profit/loss.
- Open Orders: Orders that have been placed but not yet executed due to market conditions.
- Order History: Displays past orders that were not executed or only partially filled.
- Trade History: Shows all successfully completed trades, including quantity, amount, and profit/loss details.
Sharing Your Trade In the Order History section, click the share button next to an order to generate a trade poster and referral code.
Now you're ready to start trading futures on Echobit! 🚀
Echobit Official Channels
Website: http://echobit.com/
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Risk Disclaimer
Cryptocurrency investments are subject to high market risk and price volatility. You should only invest in products that you are familiar with and fully understand the associated risks.
Before making any investment decisions, please carefully assess your investment experience, financial situation, investment objectives, and risk tolerance, and consider seeking advice from an independent financial advisor.
The information provided in this document is for informational purposes only and should not be considered financial, investment, or trading advice. Past performance is not indicative of future results. The value of your investments may fluctuate, and you may lose part or all of your invested capital.
You are solely responsible for your investment decisions. Echobit shall not be liable for any losses or damages arising from your investment activities.
