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A Beginner’s Guide To Going Long & Short using Perpetuals on dYdX
A Beginner’s Guide To Going Long & Short using Perpetuals on dYdX

Perpetuals Trading Guide

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Written by David Gogel
Updated this week

Perpetual Contracts are synthetic trading markets that allow for exposure to arbitrary liquid assets using stablecoin (USDC) collateral. By trading Perpetuals, you can participate in market movements, reduce risk, and make a profit by going long or short with leverage on a futures contract.

You can start trading with as little as $10 at http://dydx.exchange/.

Long

By going long, a trader buys a Perpetual contract with the expectation that the underlying asset will rise in value in the future. Rather than buying and holding the underlying asset, traders buy synthetic exposure to the asset.

Short

By going short, a trader sells a Perpetual contract with the expectation that the underlying asset will decline in value in the future. Rather than selling the underlying asset, traders sell synthetic exposure to the asset.

Follow these steps to start trading:

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