How to Trade Perpetual Contracts
OKX Perpetual Contracts are cryptocurrency-settled derivative products that allow investors to profit from both rising (long positions) and falling (short positions) markets. Unlike traditional futures, these contracts have no expiration date, providing continuous trading opportunities.
1. Bullish Market Strategy: Going Long
When anticipating price increases, traders can open long positions. Here’s how to execute a Buy/Long and Sell/Close strategy using BTC/USDT contracts:
🔹 Buying to Open Long Position
- Navigate to the Trading page and select [BTC/USDT] under Perpetual → USDT Contracts.
- Choose between Cross Margin or Isolated Margin.
- Set order type (Limit Order), leverage multiplier, entry price, and quantity.
- Click [Buy (Long)] and confirm. The system automatically executes once the market hits your target price.
🔹 Selling to Close Long Position
- Option A: From the [Positions] tab, select the open long position → Click [Close] → Enter exit details.
- Option B: Use [Take Profit/Stop Loss] to auto-close positions at specified thresholds.
- Pro Tip: For immediate full liquidation, tap [Market Close All].
⚠️ Note: During extreme volatility, orders may fail to fill.
2. Bearish Market Strategy: Going Short
If you expect prices to drop, open short positions via [Sell (Short)]. The process mirrors long trades but in reverse.
Why Choose OKX?
🌟 Competitive Advantages
- Market Leadership: Processes billions in daily volume, ranking among the top 3 global exchanges.
- 24/7 Support: Multilingual live chat and email responses within 8 minutes.
- Risk Management: Implements T+1 withdrawals, face verification, and graded liquidation to protect assets.
FAQs
❓ Payment Issues
| Problem | Solution |
|---------|----------|
| WeChat/Alipay blocks payment | Contact seller via OKX IM or switch payment methods. |
| Bank transfer fails | Use your bank’s app directly (avoid third-party platforms). |
| Unresponsive seller | Cancel order → Reorder or [File a Complaint] via Help Center. |
👉 Explore OKX’s Perpetual Contracts