What is trading by OKX

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  1. What are Cryptocurrency Futures?
  2. Pros and Cons of Futures Trading
  3. Why is it worth trading futures on OKX?
  4. What instruments for trading futures are there on OKX

What are Cryptocurrency Futures?

A futures contract is an agreement to buy or sell an underlying asset (in this case, cryptocurrency) at a specific price on a specific date. Unlike regular cryptocurrency, when you buy a futures contract, you don’t get the asset itself, but the right to buy or sell it at a future date. This arrangement allows traders to speculate on price changes without having to own the cryptocurrency itself.

Pros and Cons of Futures Trading

Pros

The ability to earn on falling prices. Unlike spot trading, futures allow you to make a profit regardless of the direction of the market. Using leverage. Futures trading allows you to use leverage, which lowers the entry threshold and allows you to trade larger amounts than the trader has in the account. High liquidity. Futures markets usually have high liquidity, which ensures fast execution of orders.

Cons

High risks. The use of leverage increases both potential profits and losses. Complexity. Futures trading requires in-depth knowledge and experience. Commissions. Futures trading may involve various commissions that must be taken into account.

Why is it worth trading futures on OKX?

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OKX is a leading centralized crypto exchange operating in 150 countries worldwide. The platform offers a wide range of trading options and a user-friendly interface. Here are some reasons why you should choose OKX for futures trading:

1) Wide range of contracts. OKX offers weekly, biweekly, quarterly, bi-quarterly and perpetual futures.

2) Support for various margins. The exchange offers futures with margin in USDC, USDT and cryptocurrency.

3) High leverage. The maximum leverage on OKX reaches 100x.

4) Reliability and security. OKX provides reliable and secure trading conditions, protecting users' funds.

5) Generous contests. OKX users have access to various contests that can increase the profitability of their work.

What instruments for trading futures are there on OKX

1) The following futures trading instruments are available on the OKX platform:

2) Limit orders. Allow you to set exact prices for buying or selling.

3) Market orders. Executed at the current market price.

4) Take profit and stop loss orders. Help to automatically lock in profits or limit losses.

5) Trailing stops: Allow traders to follow the market movement while protecting profits.

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