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How to Trade Futures on BKG Exchange

Overview

Futures trading allows you to open Long or Short positions on supported digital asset contracts.

Unlike spot trading, futures trading allows you to use leverage and trade in both rising and falling markets.

BKG Exchange supports multiple futures order functions, including Limit Orders, Market Orders, Trigger Orders, and Take Profit / Stop Loss.

This guide explains how to open, manage, and close a futures position on the BKG Exchange Website or App.

Option 1: Trade Futures on the Website

Step 1: Log In

Log in to your BKG Exchange account.

Step 2: Open Futures Trading

Go to the Futures Trading section.

Step 3: Select a Contract

Select the futures contract you want to trade.

For example:

  • BTC/USDT
  • ETH/USDT

Make sure you select the correct contract before placing an order.

Step 4: Select Leverage

Select the leverage available for the contract.

Higher leverage can increase both potential gains and potential losses.

Step 5: Select Margin Mode

If available, select the appropriate margin mode.

Depending on the contract and platform configuration, available options may include:

  • Isolated Margin
  • Cross Margin

Step 6: Select Long or Short

Choose the direction of your trade:

  • Open Long – Used when you expect the price to rise.
  • Open Short – Used when you expect the price to fall.

Step 7: Select an Order Type

BKG Exchange may provide the following futures order types:

Limit Order

A Limit Order allows you to specify the price at which you want to open or close a position.

The order will be executed when matching market conditions are available.

Market Order

A Market Order is executed at the best available market price at the time the order is submitted.

The final execution price may vary depending on market conditions and available liquidity.

Trigger Order

A Trigger Order allows you to set a trigger price in advance.

When the market price reaches the specified trigger price, the system will place the corresponding order according to your configured parameters.

Trigger Orders can be used when you want an order to be activated only after a specific market price is reached.

Example:

If BTC is currently trading at 100,000 USDT and you want to open a Long position after the price reaches 102,000 USDT, you can set a Trigger Order with a trigger price of 102,000 USDT.

Once the trigger condition is reached, the system will place the corresponding order.

Step 8: Enter the Order Quantity

Enter the quantity or order amount you want to trade.

For Limit Orders and Trigger Orders, enter the required price and trigger parameters where applicable.

Review the required margin and order information before submitting the order.

Step 9: Place the Order

Click the corresponding Open Long or Open Short button.

Complete any required security verification if prompted.

Step 10: Check Your Position

After the order is executed, you can view your position in the Positions section.

Depending on the current interface, you may be able to view:

  • Entry Price
  • Position Size
  • Leverage
  • Unrealized PnL
  • Liquidation Price
  • Take Profit / Stop Loss

Option 2: Trade Futures on the App

Step 1: Log In

Open the BKG Exchange App and log in.

Step 2: Open Futures Trading

Go to the Futures Trading section.

Step 3: Select a Contract

Select the futures contract you want to trade.

Step 4: Set Leverage

Select the available leverage for the contract.

Step 5: Select Margin Mode

If available, select the appropriate margin mode.

Step 6: Select Long or Short

Choose whether to Open Long or Open Short.

Step 7: Select an Order Type

Choose the order type you want to use:

  • Limit Order
  • Market Order
  • Trigger Order

Enter the required price, trigger price, quantity, and other parameters according to the selected order type.

Step 8: Place the Order

Review the order details and submit the order.

Step 9: Check Your Position

Once the order is executed, view your position and related information in the Positions section.

How to Use a Trigger Order

A Trigger Order allows you to prepare an order in advance and activate it when the specified trigger condition is reached.

To Set a Trigger Order

  1. Open the Futures Trading page.
  2. Select the futures contract.
  3. Select Trigger Order.
  4. Select Long or Short according to your trading plan.
  5. Enter the trigger price.
  6. Enter the order price or select the applicable execution method.
  7. Enter the order quantity.
  8. Review the order details.
  9. Confirm the Trigger Order.

The order will remain pending until the trigger condition is reached or the order is cancelled.

Important Notes for Trigger Orders

  • A Trigger Order is not an immediate execution order.
  • Reaching the trigger price does not guarantee execution at a specific price.
  • Market movements and available liquidity may affect the final execution price.
  • A Trigger Order may fail to execute if the required conditions or available margin are not met.
  • Check the trigger price, order price, quantity, and direction carefully before confirming.

How to Close a Futures Position

You can close an open position when you want to exit the trade.

  1. Open the Positions section.
  2. Select the position you want to close.
  3. Select the corresponding close option.
  4. Select the available order type.
  5. Enter the quantity you want to close.
  6. Confirm the order.

Depending on the available trading functions, you may be able to close a position using a Market Order, Limit Order, or other supported order type.

How to Set Take Profit and Stop Loss

Take Profit (TP) and Stop Loss (SL) can be used to automatically manage a position when specified conditions are reached.

When available:

  1. Open the relevant position.
  2. Select the TP/SL option.
  3. Enter the required trigger price or other parameters.
  4. Review the settings.
  5. Confirm the TP/SL order.

Take Profit

Take Profit can be used to close or reduce a position when the specified profit-taking condition is reached.

Stop Loss

Stop Loss can be used to close or reduce a position when the specified loss-control condition is reached.

Always check the direction and trigger price before confirming your TP/SL settings.

Important Notes

  • Futures trading involves a high level of risk.
  • Leverage can amplify both profits and losses.
  • A position may be liquidated if the account's margin is insufficient to maintain the position.
  • Market Orders may be executed at prices different from the displayed price due to market movements and available liquidity.
  • Trigger Orders are activated only when their specified trigger conditions are reached.
  • Triggering an order does not guarantee successful execution.
  • Liquidation prices may change as market conditions, position size, margin, and other factors change.
  • Always check the contract specifications and trading rules before opening a position.
  • Do not trade with funds you cannot afford to lose.

FAQ

What order types are available for futures trading?

BKG Exchange may support Limit Orders, Market Orders, Trigger Orders, and Take Profit / Stop Loss functions. Available functions may vary depending on the current platform configuration.

What is a Trigger Order?

A Trigger Order allows you to set a trigger price in advance. When the market reaches the specified trigger condition, the system will place the corresponding order.

Does reaching the trigger price guarantee that my order will be executed?

No. Triggering the order only activates the corresponding order. Execution may depend on available margin, market conditions, liquidity, and other applicable trading conditions.

What is the difference between a Limit Order and a Trigger Order?

A Limit Order is placed directly at a specified price.

A Trigger Order remains pending until its trigger condition is reached, after which the corresponding order is submitted.

What is a Long position?

A Long position is generally used when you expect the price of the underlying asset to increase.

What is a Short position?

A Short position is generally used when you expect the price of the underlying asset to decrease.

What is leverage?

Leverage allows you to control a larger position with a smaller amount of margin. It also increases the potential impact of price movements on your account.

Where can I check my unrealized PnL?

Your Unrealized PnL can generally be viewed in the Positions section for an open futures position.