How to Get More Advanced with OKEx

Getting Started with the Features

We’ve already talked about some of the basics involved in buying, selling and trading with OKEx and if you haven’t seen the article you can take a look at it here. But if you’re looking to advance some of your options you’re going to want to know more about margins, perpetual, futures and options trading. So, we’re going to look at some of these more advanced services. If you’re just getting started, these guides should help you figure out what to do and how to do it.

Margin Trading

Getting started with margin trading is actually simple. The first thing you need to do is get the money into your margin account. So, you transfer your funds over from your spot account. This is done by selecting ‘transfer from’ in regards to the trading pair that you want to trade. Remember, you will need to trade in order to move your funds. Also, if the pair you want doesn’t show up this means that it’s not supported.

Perpetual Trading

Perpetual trading or Perpetual Swap is designed to give you many of the same features as Futures Contracts but with a few additional bonuses like the fact that there is no expiration and no delivery date. There’s also a mark price and funding is still anchored to the spot market. Also, you’ll have increased flexibility for your utilization of capital because of the daily settlement process. Add in that you are protected from losing too much of your assets and that there’s a tiered ratio you’ll be well prepared for anything that happens here.

Futures Trading

If you’re looking to trade futures you’ll start by getting into the trade section then into futures and basic or advanced. Basic will be better for new people who are just getting started with the system and makes it easier to see what you need. Advanced gives you even more data to work with so you can make more skilled trades, but it’s not necessary when you’re just getting started. You’ll have enough information to try it out with the basic option.

Options Trading

Finally, let’s take a look at options trading. This process is going to help you with buying and selling without putting you in a position where you’re required to do so. You can actually help limit your liabilities and increase your profits through this process if done properly. With OKEx you’ll need Bitcoin, Ether or EOS as your underlying asset in order to conduct options trading. In order to get started you’ll go into the options section of your page with the basic or advanced option.

What You Need to Know

If you’re just getting started then you’ll want to go through the tutorials and other information available on OKEx to find out more about your options and to make sure you know what you’re doing along the way. The system is designed to help you and make everything as simple as possible. That way, you don’t have to worry about making a misstep along the way.

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Marko Vidrih

Most writers waste tremendous words to say nothing. I’m not one of them.