[00:03] trading on steroids.  I'm going to show you how they work and how to operate them within OKX.  Let's begin.   Let's look at how futures work. When you buy an asset like Bitcoin on the spot market, you only make money
[00:17] when that asset's price goes up .  If I buy Bitcoin today at $73,000, which is its current value , I will always profit as long as Bitcoin goes up and I then sell it.  In contrast, when you trade futures, you make
[00:31] money when the asset moves in both directions.  In other words, I can make money if Bitcoin rises from $73,000 and I could also potentially make money if Bitcoin falls from its current price.  I can
[00:44] come to OKX and open a short position , that is, predict that Bitcoin will fall.  If I open, for example, a position with $100 predicting that it will fall and Bitcoin falls 1%, I will earn 1% of those $100, which would be...
[01:00] with $100 is not very interesting.  That's where another factor comes into play: leverage.  This allows you to trade with more money than you actually have. For example, if I open a position in OKX at the current price, but now
[01:15] predicting that it will rise and this time I will use a leverage of time I will use a leverage of 10x.  If Bitcoin goes up 1%, instead of making a now, my earnings will multiply by 10 and I'll end up with $110.  But
[01:29] the opposite can also happen.  In that same long position we opened, it goes against us, that is, it starts to fall and drops 1%, so now our losses will also be multiplied by 10. Therefore, from the
[01:43] $100 we started with, we would end up with $90, a loss of $10.  And that's why with this futures tool you can win or lose money quite order, I want to clarify that this is a high-risk product with which you should be
[01:59] careful and only trade with money you are prepared to lose.  Next, I'm going to show you how to place an order, but before that, you need to do a market analysis and a technical analysis.  To place an
[02:12] order, the first thing you need is a verified OKX account.  If for some reason you do n't have an account yet, I'll leave the official link in the description.  By using that link you would be supporting the channel, this is at no cost to you and
[02:24] you will also get a 10% discount on trading commissions for life.  OKX offers a base commission for regular users, i.e., people who do not handle a large volume of trading, of 0.02%
[02:37] for makers, people who provide liquidity to the market and a commission of 0.05% for takers, people who take liquidity from the market.  If you become a VIP trader handling a significant volume,
[02:50] significantly, and you also get that 10% bonus that I've linked to in the application itself, if you go to this section where I traded, you'll find the futures section here. First of all, let's look at the types of
[03:05] contracts you can trade. We have the most popular ones, which are the perpetual ones.  These are the ones that do not have an expiration date.  With those types open for as long as you want. You only have to pay a small
[03:18] commission.  This small commission is called the Funding Rate, which is a small commission paid between bullish and bearish traders every few hours.   It also has contracts with expiration dates, and as you can see, these do
[03:30] have an aspiration date.  On this side we have the type of margin.  This means that you will use cryptocurrency to settle those contracts.  You can settle them with UST, which is a cryptocurrency equivalent to $, which is the
[03:43] most popular.  You can also settle them in other stable cryptocurrencies like USSC, or if you prefer, you can also settle them in crypto, which are settled in the same currency as the contract, whether it's Bitcoin or Ethereum.
[03:56] Most people settle them in USDT.  So, I'm going to trade or do the rest of the video using USDT.  And here you have all the pairs, which you can trade.  In this video, for example, I'm going to trade the Bitcoin pair with
[04:09] going to trade the Bitcoin pair with UST.  The next step will be to deposit UST into n't have any at the moment.  If we're talking about assets, right now I have $45 in my funds account.   I'm going to transfer it to the
[04:22] Trading account to trade futures.  I press transfer funds to Trading and here I put the amount which will be 400 UST and we press transfer.  If we go back to the trading section, we already have the 400 available.  On this
[04:35] side, at the top, we have the asset chart.  You can look at it in different timeframes, for example, every hour, every 4 hours, per day, or however you want to analyze it.  This is basically where you'll do your
[04:48] technical analysis before opening any positions.  On this side, in red, we have the sell orders and in green we have the buy orders, and in the middle is the market price, which is what the asset is worth at this moment.
[05:00] Here we have the buy button to place long positions, predicting that it will go up, and the sell button to place short positions, predicting that it will go down. Moving on to this section, which is where
[05:13] first look at the type of margin we're going to use.  You can trade with isolated margin or cross margin.  With the isolated margin, only the amount you place in that position is at
[05:26] risk.  For example, if I open a position with $100 and I have a total of $400 in my account, then I am only putting at risk the $100 that I placed in that order.  I can also trade with cross margin, which
[05:40] means my entire balance in my trading account acts as collateral to prevent liquidations.  If I open a $00 long position and the price moves against me, OKX will take money from the
[05:53] account to maintain that open position.  Operating in this mode is very account; you could lose all the money you have there.  That's why it's safest to operate in isolation, so as not to risk only the amount
[06:08] we place in that order.  Here we also have leverage, and OKX allows you to leverage up to 100x, which means that with each dollar you have you can open a position of up to $100, which is very risky and
[06:21] I wouldn't recommend it.  I would recommend that you keep it below 10x.  Now let's look at the types of orders you can place.  To keep this video simple, I'm going to focus on only two types of orders that are
[06:33] the most popular.  Starting with the market order.  With this type of order you open a position instantly, that is, at the price the asset is at this moment.  For example, if I want to open a
[06:45] $1,000 position, my position size would be $1,000, but my cost would only be $100. This is because of the 10x leverage we are using.  If I wanted, with the 400 I have and leveraged by 10, I could
[06:58] open a position close to $000.  And if I think Bitcoin's current price is going to rise, then I would open a long position.  And at this moment, under open.  Another type of order you can also use is a limit order.  With
[07:13] this type of order, you set the price at which you want to enter.  For current price, I want to wait for Bitcoin to drop to $70,000. I modify the price here and add the $70,000.  And here in the
[07:27] amount, well, I would also modify how much I want to start with, let's say.  I'm going to leave it the same at $1,000, which means this position would be costing me 99.90 out of $100.  If I press buy, that order will not be executed.   It
[07:41] will remain here under open orders, which are orders that have not yet been executed.  Remember, this order will be executed as long as Bitcoin falls to $000.  If it doesn't fall to that price, it will never be executed.  Now
[07:53] I want to talk to you about another tool that is widely used in futures trading, and that is the take profit and stop loss, the taking of profits and the taking of losses.  This determines how much you are willing to gain and how much you are willing to
[08:06] lose if the price goes against you.  For example, following this same example with a limit order, entry price $70,000 with an amount interesting, now I'm going to open a
[08:19] down order, when Bitcoin reaches $75,000.  I want to wait for it to go up a little, but then I'm sure that once it goes above $75,000 it's going to have a correction. position predicting that Bitcoin will fall, here I am going to place my take
[08:34] profit at $70,000.  I would gain 66% with the same 100, which would be like $66, and I want to stop the losses, for example, at $7,000, which means I
[08:46] would be losing 26% of my capital, which would be like $26.  And in this case we are going to open a position and here I see the open order that will be executed as we set.  If it doesn't reach that price, it won't be executed.  The
[09:01] stop loss feature gives you some peace of mind because you can take profits at certain prices and also limit your losses if it reaches certain prices. You too, even you can place it in positions you already have open.
[09:14] the first order we placed, which we placed upwards, I can place it here, for example.  If I want to earn, say, 5%, then it will close when Bitcoin reaches $7,000 and I would be earning
[09:28] 53, which is like 53%.  And here I can decide at what point I want to stop my losses or minimize losses and I am only willing to lose 2%, so I would be closing that order when Bitcoin falls to $72,000.  And
[09:43] here I would be losing 16%, which would be $16, because remember, we are opening all orders with $100 of our capital.  And if I wanted to set those parameters, I would simply click confirm.  And well, here under
[09:56] positions and assets, we have the positions we have open, the type of contract we are using, and the profits and losses we are making .  In this case we are earning 3.5%
[10:08] 3.5% which would be 3.45 USDT.  the order size, the margin of our money that we are using, and here the entry price.  We have the take profit and the stop
[10:20] loss point and here we have the liquidation price.  That liquidation price means the point at which we lose all the money we put into happen because even if Bitcoin falls, we have a stop-
[10:34] loss order at $2,000.  And here we also have the assets that we have in use.  This means the orders we have open that have not yet been executed, which are all the orders we placed here.  If you want to close a
[10:47] specific order, you simply cancel the order.  Or if you want to close or cancel all open orders, in this case orders that have not yet been executed, simply press cancel all and confirm.   We
[10:59] our positions.  If we want to secure this profit of approximately 3%, which is three USDT, we press close and simply the position is closed and we would be there generating a little profit.  And that's
[11:15] how futures work within OKX.  If you have any questions, you can leave them in the comments.  I always do my best to answer. gave me a like, as that helps me a lot to get this
[11:28] content to more people like you. Also, if you're considering joining OKX, I'll leave the official link in the description so you can get that 10% be supporting the channel; this is at no cost to you.  Finally, I would like to
[11:41] the Seven Incomes community.  You can also follow us on Instagram for short educational content, join the community on Telegram, or WhatsApp group where you can interact with other people.  I'll also leave all
[11:55] those links in the description, and a couple of videos will also appear here. In it I show you a complete tutorial on OKX and here I show you that same tutorial but from the mobile phone.   I'll say goodbye here for today.