OKX contracts offer two types of orders—market orders and limit orders—to cater to traders' diverse needs. Market orders execute instantly at the best available price, while limit orders fill only at your specified price. Traders can manage risks using tools like take-profit/stop-loss strategies and add margin through multiple channels to avoid liquidation.
Step-by-Step Guide to Placing Orders on OKX Contracts
1. Account Setup & Funding
- Registration: Visit the OKX website or download the OKX app. Click "Register/Login," choose email or phone verification, and set a password.
- Identity Verification: Complete KYC under "Personal Center" > "Identity Verification."
- Deposit Funds: Navigate to 【Assets】→ 【Funds Transfer】, move assets (e.g., USDT) from your funding to trading account.
2. Select Contract & Parameters
- Access Trading Page: Go to 【Trade】→ "Contracts" tab.
- Choose Contract Type: Pick perpetual/futures contracts and select a trading pair (e.g., BTC-USDT).
- Set Leverage: Adjust leverage based on risk tolerance (higher leverage = higher risk).
3. Configure Order Details
Order Type:
- Market Order: Instant execution at current price.
- Limit Order: Set your desired price (buy below/ sell above market).
- Quantity/Price: Enter contract amount and (for limit orders) target price.
- Risk Tools (Optional): Add take-profit/stop-loss triggers to automate exits.
4. Submit & Monitor
- Review: Double-check contract type, direction, and pricing.
- Confirm: Click "Buy/Sell" to place the order.
- Track Progress: Monitor under "Open Orders" or "Positions." Adjust strategies as needed.
FAQs
1. How to Avoid Liquidation?
- Maintain sufficient margin.
- Use conservative leverage.
- Set stop-loss orders.
2. What If My Balance Is Insufficient?
Positions may face forced liquidation, potentially causing losses or debt.
3. How to Add Margin?
- Transfer funds from your OKX spot account.
- Deposit via supported payment methods.
4. Why Isn’t My Order Filling?
- Low market liquidity.
- Price slippage during volatility.
- Network delays (retry or adjust price).
5. Can I Use API for Orders?
👉 Yes, OKX supports API trading.
Pro Tip: Regularly update your risk settings and stay informed about market trends. For advanced strategies, explore OKX’s tutorials or community forums.