Set up BingX Account
The following steps will guide you on how to set up your BingX account properly after creating an account.
Last updated
The following steps will guide you on how to set up your BingX account properly after creating an account.
Last updated
Important: If you have not yet created an account on BingX, please use this link:
Standard futures are agreements to buy or sell assets (like commodities) at a set price on a certain date, used for managing risks or profiting from price changes.
This trading option allows us to take long or short positions on assets with leverage, enabling us to use standardized contracts for buying or selling on specific dates.
Upon creating your account, you will encounter options at the top of the screen. Please choose "Derivatives" followed by "Standard Futures" to navigate to the Standard Futures page.
Heikin-Ashi candles offer several advantages over traditional candlestick charts, for example:
It reduces market noise and smooths candle patterns while identifying trends.
It emphasizes prevailing trends and potential reversals.
It increases confidence in analysis.
The first thing you should do is select the "Heikin Ashi" option, as shown below.
The next screenshot displays the timeframes you should mark as favorites. This ensures they are always available in your chart options for convenient access. The essential timeframes for your trading are: 6H, 1H, 3m, and 1m.
Cross margin mode in standard futures combines the account's total balance to support multiple positions, sharing margin collateral and reducing the risk of liquidation. Isolated margin mode, on the other hand, assigns separate margins for each position, isolating risk and preventing potential losses from affecting other positions.
On the right side of the page, you can change your margin mode by clicking on the top left side of the section demonstrated on the following screenshot.
Directly beside the margin mode option, you will come across the Account selector. Currently, there are three options: "BTC Account", "USDT Account" and "VST Account". We recommend using the VST Account (Demo Account) as we do not offer financial advice.
Disclaimer: IQ Trading does not have any affiliation with BingX, nor does it promote any trading activity as a form of financial advice. The use of this particular exchange is a preference of our expert traders. This tutorial is purely educational.
