What is USDT-M Futures Trading?
USDT-M Futures trading is a type of cryptocurrency derivatives trading where USDT (Tether, a USD-pegged stablecoin) is used as the settlement and margin currency. This mechanism enables users to trade based on the price movements of various cryptocurrencies through perpetual or quarterly futures Futures without holding the actual underlying assets.
How to Trade Futures on BitradeX (App Steps)
Step 1: Access Futures Trading
- Tap the "Futures" icon at the bottom of the screen.
- Select "USDT-M" at the top of the trading interface.
Step 2: Select a Trading Pair
- On the USDT-M Futures page, search for your preferred trading pair (e.g., BTCUSDT, ETHUSDT).
Step 3: Configure Trade and Place Order
- Choose Margin Mode:
- Cross Margin: Uses the entire account balance as margin for all positions.
- Isolated Margin: Allocates collateral only to a specific position.
- Tap the leverage ratio to adjust leverage for your trade.
- Select an order type (e.g., limit, market).
- Enter order details and choose "Buy/Long" or "Sell/Short" based on your market outlook.
- Confirm the order.
Step 4: Monitor and Manage Positions
- Go to the "Positions" tab to track open positions.
- When needed, tap "Close" to exit a trade.
Key Tips for USDT-M Futures Trading
- Understand Leverage Risks: Higher leverage amplifies both profits and losses. Trade responsibly.
- Use Take-Profit & Stop-Loss: Set TP/SL levels when opening orders to automatically close positions at predefined thresholds.
- Monitor Liquidation Risks: Maintain a healthy margin ratio to avoid forced liquidation.
- Stay Informed: Keep up with market trends and price movements to adjust your strategy accordingly.