一、Sign up Toobit account
二、Deposit tokens
When you deposit tokens into your spot account，and then you can click “transfer”，and transfer USDT to your USDT-M Futures account
三、For example，USDT-M BTC perpetual contract
1、how to open position
- select “open”
- select the leverage
- leverage can enlarge the balance so that you can trade more amount, but the higher leverage, the higher risk
- select the order type
- Limit order：The limit order specifies the highest price that users are willing to buy or the lowest price that they are willing to sell. After the user sets the limit price, the market will prioritize the transaction at a price that is favorable to the user.
- Market order：A market order is immediately matched to the best available market price.
- Trigger order：It requires traders to specify a trigger price to activate the order. The system will place an order with the price and quantity you set when the stop price is reached.
- input the order price and the amount
- choose“buy long” or “sell short“
- buy long means that the market will rise
- sell short means that the market will fall
2、how to close position
1）the first way
A：Users can click “ close” and choose the order type ，like market or limit order for closing the position
B：User can click“TP/SL“；“Take-profit and stop-loss order” refers to a position-closing order with preset trigger conditions (trigger price of take-profit or stop-loss order) and price. When the latest price reaches the preset trigger price, the system will place a position-closing order based on the pre-set price and amount, so as to take profit or stop loss.
2）the second way
- select ”close“
- choose the order type
- input the amount
- Close Long based on your existed Buy Long position
- Close Short based on your existed Sell Short position