How to Enter the Mega Prize CoinEx Futures Contest?

Recently, many investors have lost confidence in spot trading as the cryptocurrency market remains stagnant. However, the volume of futures positions did not decline with the BTC price. Also, whale investors (giant investors) were buying Bitcoin last week, according to the BTC futures open interest chart recorded by Coinglass. In today’s bear market, many investors have begun to switch to futures to hedge their risks while making short-term profits by judiciously predicting the price trend during market fluctuations. It is precisely in this environment that the CoinEx exchange comes into play.

As futures volume and user base continue to grow, many exchanges have begun to develop their futures segments. In particular, CoinEx, a global cryptocurrency exchange that has been in business for nearly five years, has been dedicated to providing high-quality cryptocurrency futures since day one. It has allowed more regular traders to easily trade cryptocurrency futures on CoinEx while improving the futures trading experience for users. Also recently, CoinEx launched the CoinEx Futures Contest and offered a huge prize of as much as 20,000 USDT to give back to its loyal users despite the downside market conditions.

How to enter the CoinEx Futures Contest?

The week-long CoinEx Futures Competition will start on July 7 and end on July 14. During the event, users [Kaydol](https://www.coinex.com/activity/trade-rank). CoinEx will calculate the percentage of profit of the participants in 20 selected futures markets, and the top 100 users with the highest percentage of profit will receive a share of the 15,000 USDT reward.

CoinEx contest prizes

It should be noted that only users with a trading volume of over 5,000 USDT on selected futures markets will be included in the ranking. However, 5,000 USDT is child’s play in the futures markets, even regular traders can achieve this target with the help of leverage.

According to the official statement, Profit% = Futures value accumulated during the event / Sum of ATH position margins during the event * 100%.

CoinEx is also offering 5 USDT Futures Trial Funds (5,000 USDT in total) to every new CoinEx futures user during the event. Users who have completed KYC verification and have never made any futures transactions can redeem the coupon on the event page. [CoinExVadeli] Enter the coupon number and click “Convert” to win 5 USDT Term Trial Funds. Next, [Hesap] – [Kupon Merkezi]You can go to and click “Activate” to use it.

Although 5 USDT may seem insignificant, when used wisely, it can help traders increase their profits and rank high during the competition. Let us share with you some futures tactics that can be helpful when trading futures.

How can I increase my income?

At events like the CoinEx Futures Competition, there aren’t many shortcuts to winning prizes, the point is to maximize your profits while minimizing your losses, which is the ultimate goal of futures trading. So, how can beginners achieve this goal?

Above all, instead of letting our emotions take over when trading futures, we should stay calm, act rationally, and avoid obsessing over whether we’ve won or not. Most beginners believe that starting with large positions will yield big payoffs. But once they take a loss, not only do they lose all their profits, they may even lose the principal. Some newbies, driven mad by losses, rush to open new positions to make up for their losses, which will only lead to liquidation.

After being mentally prepared, we should also be careful about:

1. Stop the loss on time: Stopping losses on time is something all futures traders should learn, as no one always wins in futures. Because as long as our losses are in a reasonable range, we can recover them next time. Therefore, when opening a new position, an appropriate stop-loss price should be determined. Also, many professional traders set a stop loss price based on the size of the loss. For example, some traders stop their losses when the funds in their accounts decrease by 5% to 10%.

2. Take Profit: As people often say: Leave when you’re at your peak. In the cryptocurrency market, which is subject to extreme fluctuations, big drops can occur overnight. Therefore, we can choose to close our positions while trading futures, taking the profit when the price is likely to top out or reverse. Or we can close some of our positions to convert variable profits into real profits. After all, money isn’t really yours until it’s in your pocket.

3. Check your leverage: When making long-term transactions, we should avoid leverage ratios that may be excessively high. Also, short-term traders should set an appropriate leverage ratio according to their budget to avoid losses from liquidation and sudden large price fluctuations.

4. Catch the trend and the right time: The most important factor for futures is to catch the market trend, the basic strategy behind any futures is the prediction of whether the price will rise or fall, the trader himself will decide when to enter the market and when to exit. Therefore, some tactics based on the candlestick chart can always work. For example, traders can rely on candlestick charts and indicators such as the MA (Moving average) and EMA (Exponential moving average) to read the market, decide when to enter, identify the key price range, and seize opportunities.

We hope the above tactics can help you win prizes that please you during the competition. All in all, the extra coins are pretty good gains in the bear market. Even if it is your first experience, you can start trading futures for free with the Trial Fund, and you may be impressed with the futures. To participate: https://www.coinex.com/activity/trade-rank

Disclaimer: This is a sponsored content and press release, and what is written here does not reflect the views of the Kriptokoin.com team. The high risk of loss must be taken into account in leveraged transactions and crypto money investments, and extensive research should be done before investing in any platform. Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!