php editor Youzi will introduce you to the long and short operation process of digital currency. In digital currency trading, going long means expecting prices to rise, and going short means expecting prices to fall. A long operation means buying digital currency, and a short operation means borrowing digital currency and selling it. The operation process includes steps such as selecting an exchange, registering an account, recharging funds, selecting a trading pair, placing an order to buy or sell, etc. Before conducting long or short operations on digital currencies, please understand the relevant risks and formulate a reasonable trading strategy, and operate with caution. Please continue reading this article for detailed operation procedures.
The long and short operations of digital currencies are simple and easy to understand. Taking Ouyi OKX Exchange as an example, the following is an explanation of the operation process:
1. Open Ouyi Exchange (new users can directly click to register for trading), click [Asset Management] - [Funds] in the upper right corner Transfer】
#2. Select the currency, take [USDT] as an example—from [Capital Account]—to [Trading Account]—enter the transfer [amount]— 【Sure】.
#3. Click [Trading] - [Leverage] in the upper left corner of the official website homepage.
#4. Click the settings icon in the upper right corner of the transaction page - [Transaction Settings] - select [Account Mode], [Transaction Unit] and other options to set up.
5. Take ETH/USDT margin trading as an example: select [Leverage]-[USDT]-[ETH/USDT].
6. Select [Full Margin/Isolated Margin], [USDT Margin], [Leverage Multiple], [Limit Price Order] - Enter [Price], [Quantity] Or [Amount] - click [Buy (Long) ETH] - [Confirm].
7. Take ETH/USDT margin trading as an example: click [Trading] - [Leveraged Contract Trading] - in the upper left corner of the official website homepage Enter the trading page, click on the coin pair box [ETHUSD Perpetual] in the upper left corner; on the new page, click to switch the trading mode - [Leverage] - [USDT] - select [ETH/USDT].
Select [Cross Margin/Isolated Margin], [USDT Margin], [Leverage Multiple], [Limit Price Order] - Enter [Price], [Quantity] or [Amount] - Click [Sell (Short) )ETH]—[Confirm].
Going long and shorting in the digital currency market are two different trading strategies that involve investing in different directions in asset prices.
Going long is a bullish trading strategy in which investors believe the price of a digital currency will rise. In a long trade, investors buy a digital currency and then wait for the price to rise before selling it, making a profit.
Longs gain from rising prices, so they want the market to show strong growth.
Short selling is a bearish trading strategy in which investors believe the price of a digital currency will fall. In a short-selling trade, investors borrow digital currency (usually borrow and sell it) and then wait for the price to fall before repurchasing it at a profit.
Short sellers gain from falling prices, so they hope the market shows weakness or a downward trend.
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