1. How to do long trade (APP)
This tutorial takes BTC/QC trading pairs as an example to do long trade. You can apply for more QC, buy BTC at a lower price and sell BTC at higher price to earn the difference.
How to buy long? After judging the rise of the price, you can use leverage to buy long,and double profits.
Take BTC/QC as an example. When you judge that the price of bitcoin is about to rise and your account has a principal of 10,000 QC, you can borrow up to 40,000 QC from the platform.If the current bitcoin price is 10,000 QC, you can buy 5 BTC for 10,000 QC with 50,000 QC.A few days later, the price of bitcoin rises to 20,000 QC. If you sell it for 20,000 QC, you will make a profit of 5 BTC*(20,000-10,000)=50,000 QC, and your profit has increased by five times.
(1) Open ZB.com APP and log in the account. Click "Trade", Switch "Spot trading pair" to "Margin" and select "BTC / QC" trading pair.
(2) In the "Lever BTC/QC" trading interface, select "Buy", enter the entrusted price and quantity, and click "Long BTC". Click " Confirm " that the commission has been submitted successfully.
ZB.com offers three times leverage from which you can borrow money to increase the funds available to expand your earnings. Finally, we remind you that there's risk in any investment, so you should pay attention to the reasonable control of risk when using leverage.
2. How to do short selling (APP)
Take BTC/QC trading pair as an example. Short selling: you can apply for more BTC, sell BTC at high price and buy BTC at low price to earn the difference.
If you decide that the price of a currency is going to go down, you can use leverage to short it, and you can make money even if the price goes down.
Take BTC/QC for example. In this case, you judge the price is about to fall. Assuming that the BTC current price is 20,000 BTC QC, and you have the principal of 10,000 QC (0.5 BTC), you can borrow 2 BTC from the platform. Sell 2 BTC at 20,000 QC, and buy 2 BTC at 10,000 QC then you can make profit of 20,000 QC. If you trade only with your own funds, you can buy low and sell high, unable to do short selling.
(1) Open ZB.com APP and log in the account. Click "Trade", Switch "Spot trading pair" to "Margin" and select "BTC / QC" trading pair.
(2) In the "Lever BTC/QC" trading interface, select "Sell", enter the entrusted price and quantity, and click "Short BTC". Click " Confirm " that the commission has been submitted successfully.
ZB.com offers three times leverage from which you can borrow money to increase the funds available to expand your earnings.Finally, we remind you that there's risk in any investment, so you should pay attention to the reasonable control of risk when using leverage.