Bitcoin Forum

Maybe you can try the simulation trading first,I don't think it's that complicated.You can experience simulation contract trading without any cost.
I found there was a exchange has launched ETH / SUSDT, EOS / SUSDT, SBTC / USD and BTC / SUSDT simulation trading pairs.

https://www.bitget.cc/en/

What does that S means attached to USDT? I don't understand what this contract trading all about. From what I've seen, it's just a ticker and tab on the website that has two options.

• Real Trading
• Simulation

S stands for simulated pair. Least i think that would be most obvious answer. Contract trading is a form of leveraged trading and can be highly profitable and dangerous, because you can lose all your money if you don't have a plan on risk management.

Thanks, I thought that there are some other meanings about that. I didn't thought that this was exactly the meaning and purpose of this thread. So basically the name is just different and this was really close to what leverage trading is. I think this isn't for everyone that's good with taking risk because it can be good for the experienced ones and bad for inexperienced ones. There should be some warnings on the website upon clicking that to remind that this isn't for everybody or if the user really wants to proceed with caution.

You're talking about derivatives trading right?

I would highly recommend that newbies stay away from trading these derivatives, especially on leverage. Unless you are experienced the downside risks are simply too great for newbies to dabble with.

Your entire mindset when you're trading derivatives completely shifts, and there is no prospect of long term holding if you find yourself buying in an inopportune time. That's just my 2 cents.

huh the idea seems interesting, but im not sure the point?
I get that its nice to test trades with zero risk, but trading is normally like that, you take the risk, so why not just trade normally?
you will feel dumb if your "play trading" makes good decisions, and you wont always make those good decisions, i gues sit sjust to learn to trade, but thats not how crypto works, you dont learn to trade lol
you buy, hodl and wait, eveything pumps if its worth 1/2 a shit :P   dosent take learning lol

trying to trade directly isn't too difficult in my opinion, with $ 10-15 enough to do it, but everyone's understanding might be different and want to try the simulation first. the bitget platform display is quite interesting, is this a new exchange?


yesterday I got a binance futures simulation link from a friend, but I haven't tried it : https://testnet.binancefuture.com/en/futures/BTCUSDT

Well i would rather use other exchange in this case
Contract trading are seems like more off CFD from what i see

Anyhow, kindly becareful when you trade with oher exchanges

In case you didn't realize yet, contract trading is a form of gambling. You're basically betting that prices will go up or down before the contract expiry (since you are forced to end your contract on expiry no matter what the price). It's a very risky form of trading because you don't exactly have targets or stop loss, you are bound instead by time.

I am learning about contract trading right now. the thing what I understand that contract trading uses leverage to do
it would make multiple profit or loss. so it would be more risky than trading Bitcoin itself
from that, I think that I am not capable at this time. I need learn more to understand Bitcoin/ crypto in spot trading
then, after I am good enough, I may try to do contract trading.

i never try contract trading because for me it's a little bit hard and i prefer with trading as usual on exchange