You can take advantage of market price fluctuations by going long or short in a contract.

Going long means that you expect the price of the contract you are buying to rise in the future.

On the contrary, if you go short, you first sell the contract and predict that its price will fall in the future.

 

You can trade futures by following these simple steps：

①Transfer USDT or other assets to your trading account, BitMake uses a joint margin model, so you can participate in futures trading when you only have other assets (please refer to the specific ratio)

https://help.bitmake.com/hc/en-us/articles/5672617246607）

② Set your leverage multiplier.

③Select the appropriate order direction (Buy or Sell).

④Enter the quantity you want to trade.

 

You can get a better understanding of how to trade long or short contracts profitably through the BitMake App or website by following these illustrations：

 

 

How do I open and close a position in BitMake futures? (Web)

Open a position

1. Bullish，buy long.

Take BTCUSDT as an example: click 【Futures】 on the top left of the official home page to enter the Futures quotes trading page; on this page, click on the top left corner to switch currency pairs - select 【BTCUSDT】.

 

Select 【Buy】, set 【Leverage】, select 【Limit】 or 【Market】 order type - enter 【Price】, 【Amount】 - click 【Buy / Long】.

 

Make an order in the pop-up window for the second time 【Confirm】.

 

2. Bearish, sell short

Take BTCUSDT as an example: click 【Futures】 on the top left of the official home page to enter the Futures quotes trading page; on this page, click on the top left corner to switch currency pairs - select 【BTCUSDT】.

 

Select 【Sell】, set 【Leverage】, select 【Limit】 or 【Market】 order type - enter 【Price】, 【Amount】- click 【Sell/Short】.

Make an order in the pop-up window for the second time 【Confirm】.

 

Close Position

1. Long orders, sell to close long positions

On the 【Futures】 market trading page, select [Position] - select the specific position to be closed, enter【Amount】 - click 【Close】 to close the position quickly using the market price.

Warm tip: Users can also choose the 【Stop Loss and Take Profit】 method to close the position, so as to stop loss in time to reduce losses, or stop profit in time to lock in profits.

 

Select the specific position to be closed and click 【Stop Loss and Take Profit]】- Enter 【Take Profit】, 【Stop Loss】, 【Amount】 - Click 【Confirm】.

Or enter the Stop Loss and Take Profit percentages and set the Stop Loss and Take Profit according to your expected percentage.

 

Note: If the market fluctuates drastically, there may be a situation that the commission cannot be filled.

2. Short order, buy to close short

On the 【Futures】 market trading page, select [Position] - select the specific position to be closed, enter【Amount】 - click 【Close】 to close the position quickly using the market price.

Warm tip: Users can also choose the 【Stop Loss and Take Profit】 method to close the position, so as to stop loss in time to reduce losses, or stop profit in time to lock in profits.

Select the specific position to be closed and click 【Stop Loss and Take Profit]】- Enter 【Take Profit】, 【Stop Loss】, 【Amount】 - Click 【Confirm】.Or enter the Stop Loss and Take Profit percentag.

 

Note: If the market fluctuates drastically, there may be a situation that the commission cannot be filled.

 

 

 

How do I open and close a position in BitMake futures? (App)

Open a position

1. Bullish，buy long

When you predict that the market will rise, you can choose to open a long position. Here we take BTCUSDT as an example to demonstrate the operation.

Enter the 【Markets】page, - click 【Futures】 in the upper left corner to enter the market list, and click【BTCUSDT】.

Enter【BTCUSDT】market trading page.

 

Click【Buy】, the trading box pops up, select the order type, such as 【Limit】, 【Market】, etc., click 【(Number) X】 to set the leverage multiplier, enter 【Amount】, click 【Buy/Long】 in the lower right corner, make a second confirmation in the pop-up window, If checked correctly, click 【Confirm】, complete the order.

 

 

Note：

Leverage: BitMake futures support up to 125 times leverage. The higher the leverage, the higher the potential return and the higher the risk.

If the amount of USDT is too low, the balance will be insufficient to place an order. Users can adjust the leverage multiplier or increase the amount of available USDT to complete the order.

Because of the existence of leverage, expanding revenue also increases the risk, if the BTC price fluctuations, your position is likely to be forced to close, so pay attention to the market fluctuations in a timely manner, and do a good job of stop gain and stop loss.

 

2. Bearish, sell short

When you predict that the market will fall, you can choose to open a short position. Here is the example of BTCUSDT for operation demonstration.

Enter the 【Markets】 page, - Click 【Futures】 in the upper left corner to enter the list of Markets, click 【BTCUSDT】. Enter the 【BTCUSDT】 market trading page.

Click【Sell】, the trading box pops up, select the order type, such as 【Limit】, 【Market】, etc., click 【(Number) X】 to set the leverage multiplier, enter 【Amount】, click 【Sell/Short】 in the lower right corner, make a second confirmation in the pop-up window, If checked correctly, click 【Confirm】, complete the order.

 

 

 

Close Position

1. Long orders, sell to close long positions

BitMake’s Futures can be closed in places: the 【Positions】 page and the 【Orders】 page. Users can choose according to their own habits.

【Position] page to close long orders: click 【Close】- default to sell at market price - enter 【Amount】 or drag the percentage - click 【Close (Market Sell)】 to complete a quick close.

Warm tip: Users can also choose the 【Stop Loss and Take Profit】 method to close the position, so as to stop loss in time to reduce losses, or stop profit in time to lock in profits.

 

 

 

 

Note: If the market fluctuates drastically, there may be a situation that the commission cannot be filled.

 

 

2. Short order, buy to close short

【Position】 page to close short orders: click 【Close】 - default to sell at market price - enter 【Amount】 or drag the percentage - click [Close Position (Market Buy)] to finish closing the position quickly.