How To Buy Long In Future Contracts On BitNasdaq

Future Trading entails predicting the future price movements of cryptocurrencies to yield profits. Traders can speculate on whether a coin's value will appreciate or depreciate, with potential gains upon prediction accuracy. When traders open a Buy Long position in Future Trading, it means that they are predicting that the price will move up, and they gain profits on the appreciation of the price.

Step-by-Step Guide

Fund Your Future Wallet: The first step is to have funds in your Future Wallet. If you don’t have funds in your Future Wallet, then you can transfer them from your Spot Wallet.
Select Coin Pair: Once you have funds in your Future Wallet, select the coin pair you wish to trade, for example, ETH/USDT, BTC/USDT, and etc.
Check Available Coin: Check the available coin of your choice based on the amount of USDT you have.
Review Trading Positions: Check the trading positions available for you.
Choose Leverage: Now based on your trade preference, select your leverage. It is important to note that the more leverage you avail, the higher the risk is there for liquidity.
Utilize BitNasdaq Calculator: BitNasdaq also has a calculator for you to make accurate calculations for the trade that you are to make. Facilitating your Future Trade and your decision-making more.
Select Trade Type: Now once you have made all your calculations, you have the choice between opening Market Trade, Limit Trade, or Plan Order.

Market Order: This is where you can trade crypto for the real-time market price value. You can enter the amount of USDT you are looking to spend, and you will purchase your desired crypto for the best market price.
Limit Order: This is where you can trade your desired crypto for a specific price. You can add the desired price at which you want to trigger your order and the amount of crypto that you are looking to buy.
Trigger Order: This feature enables you the advanced option of trading between two price points. Here you can add the trigger price, at which the trade will begin, and the market or limit price, from where your purchase price will not increase.

Complete Your Trade: From here, you have opened the Buy Long trade of your choice.

By following these steps, you can confidently navigate through buying long in future contracts on BitNasdaq, maximizing your potential profits while managing your risks effectively. Start your Future Trading journey today and stay ahead in the cryptocurrency market.