1. After logging into your account, go to our futures tab and tap on the top left corner (see image below) to select your trading pair. Taking BTC/USDT as an example:
2. At our BTC/USDT perpetual futures trading page, select your order type, leverage ratio, order price, and order size before submitting your order.
[Tip]: Order types: market order, limit order, and stop order.
Market Order:Trying to fill the order immediately at the current best market price. You will only need to enter the order size.
Limit Order: Setting your desired price for your orders. You will need to enter the entry price and your order size.
Stop Order: Triggered at certain price points. You will need to enter a trigger price - when the order will be activated. Before triggered, stop orders have no margin requirement. However, if there is not enough margin in your account before order submission, the orders will be canceled.
Stop Limit Order: When triggered, place a limit order at your desired price.
Stop Market Order: When triggered, place a market order.
CoinW offers two margin modes: Isolated and Cross. You must choose one based on your personal needs.
2. Example:
Let's say you're trading BTC/USDT perpetual futures with Isolated margin mode, 20X leverage, at an order price of 50,000, and longing 0.1 BTC;
After submitting your order, as long as it's not fully filled, you will always be able to check or cancel it under Open Orders.
When all the conditions are met, your order will be filled and you will be able to check your positions under Position. You can one-click reverse, take profit, stop loss, close, or one-click close your open positions.
[Tips]:
One-click reverse: Switching between long and short positions of the same size with one click.
*At My Positions tab, tap on "Reverse Position" for your position and confirm your action. We will automatically close the selected position with a market order and open a position in the opposite direction with another market order. In the case of insufficient margin, your reverse open orders will fail.
Take profit and stop loss: Set 2 price points at which you are comfortable with your profit and must cut your loss.
Adding position (for Isolated margin mode): You can add positions with one click for your Isolated margin mode positions.
Close position: (Partially) close your position with a market or limit order.
One-Click close position: Immediately closes all positions with a market order.