Futures trading is a trading product that allows users to trade based on their judgment of whether the market price will rise or fall. Unlike spot trading, futures trading supports long positions, short positions, and leveraged trading, allowing users to choose a trading direction based on their market view.
Before starting your first futures trade, users are advised to understand the basic rules of futures trading and manage positions according to their own risk tolerance.
1. Enter the Futures Trading Page
Open the 100X App and tap [Futures] in the bottom navigation bar to enter the futures trading page.
On the futures trading page, users can view supported futures trading pairs, latest prices, price changes, candlestick charts, order book data, and the order placement area.
2. Select a Futures Trading Pair
After entering the futures page, select the futures trading pair you want to trade, such as:
BTC/USDT Perpetual Futures
ETH/USDT Perpetual Futures
Different trading pairs may have different levels of price volatility, market depth, and risk. New users are advised to start with mainstream trading pairs that have better liquidity and higher market attention.
3. Transfer Funds to the Futures Account
Before trading futures, users need to transfer funds to their futures account.
Operation path:
Assets → Transfer → Transfer from Spot Account to Futures Account
Select the asset and amount to transfer, then tap confirm to complete the transfer.
Please make sure there is sufficient balance in the futures account. Otherwise, users may not be able to open a position, add margin, or maintain the current position.
4. Set the Leverage
Futures trading supports leverage. Leverage can increase the position size, but it also amplifies both profits and losses.
For example:
If a user selects 10x leverage and uses 100 USDT as margin, they can open a futures position of approximately 1,000 USDT.
New users are advised to start with lower leverage to avoid excessive position risk caused by short-term market volatility.
5. Choose the Trading Direction
Futures trading supports two directions:
Long:
When users believe the price may rise, they can choose to go long. If the price rises, the position may generate profit; if the price falls, the position may generate loss.
Short:
When users believe the price may fall, they can choose to go short. If the price falls, the position may generate profit; if the price rises, the position may generate loss.
For example:
If a user believes BTC will rise, they can open a long position.
If a user believes BTC will fall, they can open a short position.
6. Choose the Order Type
100X futures trading supports multiple order types. Users can choose different order methods according to their trading needs.
Market Order:
Executed quickly at the best available market price. It is suitable for users who want to open or close a position immediately.
Limit Order:
Users set their own order price. The order will only be executed when the market price reaches or is better than the specified price. It is suitable for users who want to control the execution price.
Conditional Order:
Users can set a trigger price in advance. When the market price reaches the preset condition, the system will automatically trigger a limit order or market order.
For example:
If the current BTC price is 100,000 USDT and a user wants to open a long position only after the price breaks above 101,000 USDT, they can set a conditional order. When BTC reaches the preset trigger price, the system will automatically trigger the order.
Conditional orders are suitable for planning trades in advance, helping users execute their trading plans based on preset conditions even when they are not monitoring the market in real time.
New users who want to complete their first trade quickly may start with a market order. Users who want to control the execution price may use a limit order. Users who want the system to place an order automatically after the price reaches a specified condition may use a conditional order.
7. Enter the Position Size
After selecting the trading direction and order type, enter the position size you want to open.
The system will calculate the required margin and related position information based on the current price, leverage, and account margin balance.
After confirming the trading direction, order type, leverage, and position size, tap:
Buy / Long
or
Sell / Short
to submit the futures order.
8. View the Current Position
After the order is filled, users can view the position information under Current Positions at the bottom of the futures page, including:
Entry Price
Mark Price
Unrealized PnL
Margin
ROI
Liquidation Price
Take Profit / Stop Loss Settings
Close Position Button
Users can choose to continue holding the position, set take profit and stop loss, add margin, or close the position manually according to market changes.
9. Set Take Profit and Stop Loss
After opening a position, users can set take profit and stop loss according to their trading plan.
Take Profit:
When the price reaches the expected profit target, the system can automatically close the position to help users lock in profits.
Stop Loss:
When the price moves against the position and reaches the preset price, the system can automatically close the position to help users control losses.
Setting take profit and stop loss properly can help users reduce emotional trading and manage trading risk more effectively.
10. Close the Position
When users want to end the current position, they can tap the Close Position button in the position area.
After the position is closed, the system will calculate the final profit or loss based on the actual execution price and settle the remaining funds into the futures account.
Users can also choose market close, limit close, or close the position through a triggered conditional order according to their trading plan.
11. Risk Reminder
Futures trading is a high-risk trading product, and market volatility may lead to loss of principal. When using leverage, both profits and risks are amplified.
Users are advised to set leverage reasonably, control position size, and set take profit and stop loss according to their own risk tolerance. Avoid full-position trading, excessive leverage, or emotional trading.
Users should fully understand the rules and risks of futures trading before making any trading decisions.