What is Contract

如需查看本文的中文版本，请访问：https://miyisupport.kb.help/

This guide explains the basic concept of futures trading, including long and short positions as well as leverage, helping you understand how to trade based on market price movements.

Digital asset contract trading is a form of derivatives investment where two parties agree to trade an underlying asset at a specified price at a future date. Common contract types include delivery contracts, perpetual contracts, and options contracts. Contract trading supports two-way trading; you can choose to "go long" to profit from price increases or "go short" to profit from price decreases. Contract trading also helps you manage risk through hedging or arbitrage strategies. In the digital asset market, the contract mechanism is similar to traditional futures trading, except the underlying asset is cryptocurrency instead of commodities. In most cases, investors do not take actual delivery but instead profit from price fluctuations by buying and selling contracts before expiration.

1.Order Book (Buy/Sell Orders)

  This is the order book depth.

  It's divided into two sides:

  Left side (red) = Sell orders (Short sellers)

  Right side (green) = Buy orders (Long sellers)

  For example: Red: 69030.6 69274.8

  Meaning: Someone is selling BTC at this price.

  Green: 68895.4

               68861.6

  Meaning: Someone is buying BTC at this price. 

  Middle: 

  Latest price 68979

2. Latest Transactions

  These are the transactions that have just been completed in the market.

  For example: 

  🟢 Green = Buy order completed

  🔴 Red = Sell order completed

  Function:

  To observe the current buying and selling forces in the market.

3. Order Placement Area (Most Important)

  This is where you actually trade.

  It includes:

  Regular Orders

  Regular Manual Orders

  Leverage

  For example:

  10X

  Meaning:

  You use 10x leverage.

  Example:

  100 USDT Can open a 1000 USDT position But the risk is also 10x.

Left: Buy (Go Long) 🟢 

  Meaning:

  Bullish

  Example:

  If you believe BTC will move from

  68900 → 70000

  you can go long

  Click: Buy (Go Long)

Right: Sell (Go Short) 🔴

  Meaning:

  Bearish

  Example:

  If you believe:

  68900 → 67000

  you can Sell (Go Short)

4. Positions / Orders Area

  This is your trading history:

 Currently displaying:

   No records

  👉 This means you haven't opened a position yet.

The basic trading process will be explained below: 

   If you want to trade, the general steps are:

1.Select the currency pair

  For example:

  BTC-USDT

2.Set the leverage 

  For example:

  5x or 10x

  Beginner suggestion:

  ⚠️ 3x - 5x

3.Enter the price

  For example:

  68900

4.Enter the amount

  For example:

  0.01 BTC 

5.Choose a Direction

  Bullish: 

  🟢 Buy (Go Long)

  Bearish:

  🔴 Sell (Go Short)

The most important risks in contract trading ⚠️

  You must know these points:

  1️⃣ Risk of liquidation A large price movement against the trader's move → zero capital 

  2️⃣ Higher leverage means greater risk

  10x leverage: A 10% price movement against the trader could result in liquidation

  3️⃣ Always set a stop-loss order

In short, this chart can be summarized as follows:

This entire page essentially boils down to four core elements:

Candlestick chart → View price trends

Order book → View buying and selling power

Order placement area → Open long/short positions

Positions area → View your position size