Recently, the cryptocurrency market has been slow and negative volatility, and many investors have lost confidence in spot trading.

At the same time, the volume of futures trades did not decrease along with the price of Bitcoin.

In addition, according to the open interest of futures trading platforms registered by “coinglass”, whale investors have been buying bitcoin over the past week.

In the current bear market, many investors are beginning to turn to futures contracts to hedge risk while making short-term profits by reasonably anticipating price direction during market volatility.

As the futures trading volume and user base continues to grow, many trading platforms have begun to polish the futures sector.

Read:What makes CoinEx the most popular futures trading platform among beginners?

In particular, CoinEx, a global cryptocurrency trading platform that has been in operation for nearly five years, has been committed to offering premium futures contracts from day one.

While improving the futures trading experience for users, the platform has allowed more retail investors to easily trade cryptocurrency futures on CoinEx.

In addition, recently, CoinEx launched a futures trading contest on CoinEx and created a huge prize pool of up to $20,000 to give back to its loyal users despite the bearish market conditions.

How to participate in the CoinEx futures trading contest:

The one-week CoinEx futures trading contest begins on July 7 and ends on July 14.

During the promotion, users can click [التسجيل] On the competition page and can be accessed from Link.

CoinEx will calculate PNL% for participants in 20 selected futures markets, top 100 users with the highest PNL% can win and share 15,000 USDT.

It is worth noting that only users who have registered a trading volume of more than $5,000 in the particular futures market will be included in the ranking.

Read:Ethereum (ETH) price drops to its lowest level since March 2021

As is well known in the futures markets, $5000 is a small amount, even retail investors can access this amount with the help of leverage.

As for the calculation method, it is as follows:

PNL% = Cumulative income of all markets selected during promotion / sum of historical maximum margin for selected market positions during promotion * 100%.

CoinEx is also offering a trial “Futures Trail Fund” of $5 Tether (total 5,000 USDT) for each new CoinEx Futures user during the promotion.

Users who have completed KYC verification and have never traded in any of the futures markets can redeem the voucher on the promotion page.

Enter the code [CoinExFutures]and click on “Claim” to get a trial amount of 5 USDT.

Then you can go to [الحساب] – [مركز القسائم] and clicking “Activate” to use it.

Although 5 USDT may seem insignificant, it can help investors maximize their profits and rank during the competition.

Here are some futures trading techniques that can help you in futures trading.

How can I raise my returns?

During events like the CoinEx futures trading contest, there are not many shortcuts to winning bonuses, the essence of which is to minimize your losses and maximize your profits, which is also the ultimate goal of futures trading.

Read:The decline in the shares of “Coinbase” and “Microstrategy”…Details here

So how should a beginner reach this goal?

First of all, when trading futures, instead of letting our emotions take over, we should be calm and rational and refrain from obsessing over whether we are winning or losing.

Many beginners think that starting with big deals will lead to huge profits.

However, once losses occur, they will not only lose all their profits, but also their capital.

Driven by losses, some beginners rushed to new positions to recoup their losses, which only led to forced liquidation.

After preparing mentally, we should also be careful about the following things:

Timely stop loss:

Since no one wins all the time in futures trading, timely stop loss is something that all futures traders should learn.

This is the case because as long as the losses are within a reasonable range, they can be recovered next time.

As such, when creating a new position, one must set up an appropriate SL price.

Also, many professional traders set the stop loss price depending on the size of the losses.

For example, some traders may stop their losses when the account funds shrink by 5% to 10%.

Take profit:

Pausing and monitoring the situation during trading are among the important conditions and matters to be taken into consideration.

When trading futures, we can choose to close our positions and take profits when the price is likely to rise or rebound.

Or we can also close some of our positions to convert the variable profits into actual profits.

After all, money is not entirely yours until it goes into your pocket.

Leverage control:

When trading long-term futures contracts, we should avoid creating leverage ratios that can be excessively high.

At the same time, traders of short-term futures contracts should also choose the appropriate leverage ratio according to their budget to avoid forced liquidation and losses arising from price fluctuations that occur.

Choose the right direction and timing:

The most important factor of futures trading is to control the direction of the market, and the basic strategy behind any future operation is to anticipate the trader about whether the price will go up or down and when he decides to enter and exit.

Therefore, some tactics based on candles and technical analysis can be useful.

I hope the above tactics will help you win satisfactory prizes during the competition.

After all, cryptocurrencies and adding them to the portfolio in a bear market are good gains.

You can start trading futures contracts for free with the “coinex” demo fund from Link.

Official links to the platform coinex On social networks:

The official website of the platform:

– Facebook:

https://www.facebook.com/CoinExMENA
Telegram:

Telegram news channel:

– Twitter:

Instagram:

Medium:

Tik Tok:

– The YouTube: