MEXC Futures (Contract) is one of the derivatives, users can choose to “Long” or “Short” the coins through the contract, gain profit from market price fluctuations.
Open “Long” to buy in certain number of contracts when you think the market is showing uptrend in future. Open “Short” to sell certain number of contracts when you think the market is showing downtrend in future.
Below is the simple introduction on how to trade Futures on MEXC.
Step 1. Register with MEXC and activate Futures account
Press on “Futures” and read the “Risk control rules of futures contract trading”, then select “Open” to activate the Futures account
Step 2. Choose the contract type and pair you want to trade
USDT-based contracts use USDT as margin, whereby the profits and losses will be settled in USDT; Coin-based contracts use the corresponding coin such as BTC as margin, whereby the profits and losses will be settled in BTC
Step 3. Confirm the margin mode
There are two types of margin mode: Isolated and Cross.
Cross margin refers to the use of all available balance in the account as margin to avoid liquidation. Any other position that has achieved profitability can help increase the margin on the loss position.
The maximum loss of isolated position is limited to the initial margin of the position and the increased margin used by the position. If a position gets liquidated, the user will only lose the isolated position margin for each position, and the available balance of the account will not be added. Different leverage multiplier modification is available in both long and short positions, in which users can change any leverage multiplier under the isolated position mode. The higher the multiplier on leverage, comes with the greater risk for the trade.
Step 4. Transfer funds to Futures account
Step 5. Open a position
MEXC Futures supports different orders to meet the various needs of traders, press on different ordering methods to view their usage scenarios.
Now let’s use “Limit order” to buy in some BTC contracts.
Enter the price and quantity you want to buy, and then select Buy/Long.
This shows the amount of margin required for the position.
You can also check the “Stop-limit at market price” before opening a position, and set your take profit and stop loss price for the position at the same time.
Step 6. Check the position and profits/losses details
After the limit order is executed, your position will be shown in [Position].
You can view information such as the estimated liquidation price and unrealized profit and loss of the current position in real time.
You can reduce the risk of forced liquidation by adjusting the margin or closing the position in time.
Step 7. Closing the position
You can directly close the position by using “Flash close” or ‘’Close”, or you can close the position through the order page.
After closing the position, you can click on the right bottom to view your orders history and each position’s profit and loss situation.
you may also use the "calculator" on the upper right corner of the transaction page if calculation is needed.
If you want to know the fee charging details of contract trading, you can press on the upper right corner to check the [Fee] and [Funding Rate].
The handling fee is charged by the platform, which is only charged once for each transaction; the funding rate is based on the price difference between the perpetual contract market price and the spot price, and long or short traders need to pay this fee to the other party on a regular basis.
If you want to share the profit poster, you can press the share icon on the right side of the holding position, and then select the save or share.
Above is the process on how to complete a trade on Futures.
If you wish to learn more, you can press on the upper right corner of the contract trading page and select [Guide] to read related tutorial articles.
Thanks for reading, happy trading!
Enjoy trading on MEXC
The MEXC Team