Perpetual trading allows you to speculate on whether the price of an asset will rise or fall without owning the asset itself.
Instead of buying the asset, you open a position based on your market expectation. If the market moves in your favour, your position gains value. If it moves against you, your position loses value.
Step 1: Choose an Asset
Select the asset you want to trade.
This could be a cryptocurrency, stock, commodity, or another supported market available on Bayse.
Step 2: Decide Your Market Direction
You’ll choose whether you believe the price will:
Increase (Long)
Decrease (Short)
Your position determines how your profit or loss is calculated.
Step 3: Choose Your Position Size
Next, you’ll decide how large your trade should be.
Your position size represents the total value of your trade.
This is sometimes referred to as your notional value.
Step 4: Select Your Leverage
Leverage allows you to open a larger position using a smaller amount of your own funds.
Higher leverage increases both potential profits and potential losses.
Step 5: Monitor Your Position
Once your trade is open, its value changes continuously as market prices move.
While your position remains open:
Profit and loss update in real time.
Funding payments may apply.
Your liquidation price remains active.
You can close your position whenever you choose before liquidation occurs.
Step 6: Close Your Position
When you decide to exit the trade, your position is closed.
Any profit or loss is then realised and reflected in your account balance.
What Happens If the Market Moves Against Me?
If the market moves significantly against your position and your available margin falls below the required level, your position may be liquidated automatically.
Liquidation helps prevent losses from exceeding the funds committed to that position.
Example:
Imagine Bitcoin is trading at $100,000.
You believe the price will rise, so you open a Long position.
If Bitcoin increases to $105,000 before you close your position, your trade generates a profit.
If Bitcoin falls instead, your position loses value.
If losses become too large, the system may automatically liquidate your position.
Frequently Asked Questions
Can I keep my position open indefinitely?
Yes, provided your position continues to meet the required margin requirements and is not liquidated.
Can I close my trade whenever I want?
Yes. You can manually close your position at any time while it remains active.
Does my position continue changing after I open it?
Yes. Your unrealised profit or loss updates continuously as market prices change.