Cryptocurrency Q&A
How do you order futures?
How do you order futures?
JessicaMiller
Mon Dec 23 2024
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7 answers
1867
I want to know the process of ordering futures. What steps should I follow? Is there a specific platform or broker I need to use? Are there any requirements or documents I need to prepare before ordering?
7 answers
Leonardo
Wed Dec 25 2024
The expiry date of the contract is another key factor to consider. It represents the last day on which the contract can be traded before it expires. Traders need to be aware of this date to avoid holding a position that could be closed involuntarily.
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BusanBeautyBlooming
Wed Dec 25 2024
Traders must also decide whether to buy to open or sell to open a position. Buying to open means taking a long position, expecting the price to rise, while selling to open involves taking a short position, anticipating a price drop.
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BlockchainLegend
Wed Dec 25 2024
The number of contracts to trade is another important consideration. This decision depends on the trader's risk tolerance, capital, and market analysis. Trading multiple contracts can amplify profits but also increase potential losses.
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CryptoPioneer
Wed Dec 25 2024
Determining the price at which to execute the order is crucial. Traders can specify a limit price, which is the maximum or minimum price they are willing to pay or receive, or opt for a market order, which executes at the best available price.
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CryptoWizardry
Wed Dec 25 2024
When submitting a futures order, the first step is to decide which futures contract to trade. This decision is crucial as different contracts have varying expiry dates, underlying assets, and trading conditions.
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