Futures trading allows users to use leverage to increase capital efficiency and seek trading opportunities in both rising and falling markets. Follow the steps below to start futures trading on Echobit.
Step 1: Log in to your Echobit account
Web: Visit the official Echobit website and log in to your account. Click "Futures" → "USDT-M Futures" in the top navigation bar to enter the futures trading page.
App: Open the Echobit App and log in to your account. Tap "Futures" in the bottom navigation bar to enter the USDT-M Futures trading page.
Step 2: Select a futures trading pair
Web: After entering the futures trading page, click the trading pair area in the upper-left corner and choose the contract you want to trade.
App: Tap the trading pair area in the upper-left corner and select the contract you want.
Examples include BTCUSDT, ETHUSDT, and SOLUSDT.
Step 3: Set trading parameters and place an order
Before placing an order, set the relevant parameters based on your trading strategy.
1. Choose a margin mode
- Cross Margin: The available margin in your account will be used as margin for the position, with risks and returns shared across positions.
- Isolated Margin: Only the margin allocated to that position is used, so the risk is isolated to that position.
2. Adjust the leverage
Set the leverage level according to your personal risk preference. Higher leverage can amplify potential profits, but it also increases risk.
3. Choose an order type
Echobit supports multiple order types:
- Limit Order: Place an order at a specified price and wait for the market to fill it.
- Market Order: Execute the order immediately at the best available market price.
- Trigger Order: Automatically submit an order once the preset trigger conditions are met.
-
Sliced Order: Split a large order into multiple smaller orders to reduce market impact.
Enter the order quantity and review the price, leverage, margin mode, and other order details. Based on your market view, choose Buy / Long or Sell / Short. After confirming that all information is correct, click the corresponding button to place the order.
Notes
- Futures trading involves high risk. Please use leverage responsibly based on your own risk tolerance.
- The minimum order quantity may vary by contract. Please refer to the trading page for the latest requirements.
- Please ensure that your futures account has sufficient available margin.
- Before opening a position, make sure you fully understand margin, leverage, liquidation mechanisms, and related risks.
- During periods of high market volatility, the final execution price may differ from the expected price.
After your order is placed successfully, you can view your current positions, unrealized PnL, open orders, and trade history on the positions page. By using leverage and taking advantage of both long and short trading opportunities, you can explore more possibilities in different market conditions.
Echobit Official Channels
Website: http://echobit.com/
Linktree: https://linktr.ee/Echobit_Exchange
Twitter: https://x.com/EchobitExchange
Telegram: https://t.me/EchobitOfficial
Facebook: https://www.facebook.com/EchobitOffical
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.