Contract Trading: potencia tus ganancias con una estrategia efectiva

How to get started with a contract trading platform?

The world of contract or futures trading can seem overwhelming if you are a beginner. However, with a solid understanding of its concepts, it is possible to operate trading platforms effectively. A typical trading platform simplifies the learning curve by offering standard instruments and functionality. This article will guide you through the essentials of a contract platform, such as Truebit, so that you can boost your profits with effective strategies.

What assets can be traded on the platform?

An essential feature of many contract trading platforms is the variety of assets available. On Truebit, you can trade seven different assets. These contracts are perpetual, which means you can keep them open as long as you want. It is crucial to take into account the commissions applied to these trades, as they are usually lower compared to other exchanges.

How is the price determined on the platform?

Contract trading platforms usually determine prices using their own analysis. At Truebit, a price index is used, which is a blend or average of five major exchanges. This ensures that the price is fair and competitive. The commissions applied vary according to the type of order, with market orders being more expensive due to their fast execution at the current average price.

What indicators and tools are available?

Trading platforms usually include powerful charts and indicators useful for technical analysis. On Truebit, access to normally premium tools, such as the volume profile indicator (BPBR), is available free of charge. Charts can be customized to your preferences, with options to display candlesticks, bars, area charts, and more.

BPBR: This indicator provides a visible volume profile, important for identifying support and resistance levels. You can customize the number of periods, colors and even the side of the screen where it is displayed.

How to manage risk properly?

Good risk management is vital in contract trading. Truebit offers two types of margins: cross margin and single margin. In isolated margin, you only risk the equity of a specific trade. In cross margin, your entire account balance backs the trade, which involves more risk but offers greater flexibility in the face of market volatility.

What is paper trading and how can it help me?

Paper trading is a useful tool for beginners and experienced traders who want to try new strategies without risking real money. In Truebit, you can trade with a fictitious capital to simulate and evaluate different approaches before applying your knowledge in the real market. This method will allow you to familiarize yourself with the platform, its functions and your responses to various market situations.

How to execute orders on the platform?

Executing orders is a simple process on the trading platform. You can choose between limit orders and market orders:

1. Limit orders: These allow you to set a specific price and the system will execute the order when that price is reached.
2. Market Orders: These are executed at the current average price, offering speed at the cost of a slightly higher commission.

It is always advisable to accompany any trade with a stop loss and take profit, to limit potential losses and ensure profits.

What additional aspects to consider when trading?

In addition to tools and functionalities, it is important to consider the following recommendations:

• Continuous learning: Trading requires constant updating. Keep up to date with market trends and research new strategies.
• Capital Management: Never risk more than 5% of your total capital in a single operation to minimize losses.
• Constant Monitoring: Frequently check your trades and adjust them based on the performance and evolution of the market.

Adopting these practices can significantly increase your chances of success and enhance your skills over time. You will navigate the platform with confidence, always prepared for market challenges. Keep learning and perfecting your strategies; each experiment brings you closer to your goals as a trader.