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Binance is a global digital asset trading platform. Binance supports C2C trading, spot trading and contract trading.

The previous article mainly explained spot and leveraged trading. Today we will mainly learn about contract trading.



How to go long/short cryptocurrencies on Binance?

Binance's contracts are divided into u-based contracts and currency-based contracts

Let's take the u-standard contract as an example to introduce the long and short tutorial of the u-standard contract.

1. Open the contract trading page and go to trade

2. Select the currency you want to trade.

If it is the first time entering, it is recommended to select the preferences. Click the three dots in the upper right corner of the trading page, select preferences, and switch to two-way positions. If it is a one-way position, you cannot hold long or short two-way positions.

2. Enter the commission price, fill in the order quantity, and choose to open long or short

How to set up stop-loss and take-profit in Binance Futures?

What is a stop-loss order?

"Stop Profit and Stop Loss" orders refer to the pre-set trigger price and the commission price and order quantity after the trigger. When the latest price reaches the trigger price, a limit order will be placed at the pre-set commission price.

How to use stop loss and take profit orders?

1. Go to the [Spot Trading] or [Contract Trading] page, select [Buy] or [Sell], and then select [Stop Profit and Stop Loss]. Set the trigger price to 500 BUSD, the limit price to 502 BUSD, enter the amount of BNB you want to buy, and click the [Buy BNB] button.

2. Please carefully confirm the details of your stop-profit and stop-loss orders, and click [Confirm] to complete the order.

What is the difference between full position and position by position?

What is isolated futures trading?

Isolated Margin Mode: A certain amount of margin is allocated to a position. If the position margin loss drops below the maintenance margin level, the position will be liquidated. In isolated margin mode, you can add and reduce margin for this position.

What is cross-margin contract trading?

Cross-margin mode: All cross-margin positions with the same margin asset share the cross-margin margin of that asset. In the event of a forced liquidation, the trader may lose all of the margin and all cross-margin positions under that margin asset.

On the trading page, you can freely choose to place orders in full-position or position-by-position mode.

Warm reminder: Contract trading is very risky and there is a risk of liquidation. You need to understand the trading rules and invest within a reasonable risk control range.



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