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Impossible Cloud Network Token (ICNT) futures trading guide
Our crash course on Impossible Cloud Network Token futures will help you quickly get started with Impossible Cloud Network Token futures trading and understand both the risks and risk management measures involved in futures trading.
Trade Impossible Cloud Network Token (ICNT) futures to capitalize on Impossible Cloud Network Token market movements without the need to buy and hold ICNT in your portfolio.
Bitget is a world-leading cryptocurrency futures trading platform, with a 24-hour trading volume of 51,758,701,254 USD, open interest of 22,651,475,187 USD, and support for 610+ trading pairs. We provide ample liquidity and fast order matching to ensure an exceptional user experience. Bitget Futures is your top choice for futures trading.
Create a Bitget account to start trading ICNT futures instantly. You can go long or short on ICNT to capitalize on ICNT's market movements, whether prices are rising or falling. Keep in mind that futures trading involves high risks, so be sure to implement effective risk management measures.
What are Impossible Cloud Network Token futures?
Impossible Cloud Network Token futures contracts are financial instruments that allow traders to buy or sell ICNT at an agreed price in the future, offering a way to invest in Impossible Cloud Network Token without holding ICNT directly. There are two types of futures: perpetual futures, which have no expiry date, and delivery futures, which settle on a specified date.
Benefits of Impossible Cloud Network Token futures include: 1) Leverage trading – Investors can open larger positions with a smaller amount of capital, amplifying potential returns. 2) Risk management – When ICNT prices drop, investors can short futures to hedge against losses in ICNT spot prices, protecting their investments. 3) High flexibility – Bitget Futures supports a variety of trading strategies to adapt to different market conditions. 4) 24/7 trading – The market operates around the clock, allowing investors to trade anytime.
How do Impossible Cloud Network Token futures work?
Impossible Cloud Network Token futures offer traders greater flexibility in the market. Impossible Cloud Network Token futures serve as an effective tool to withstand market volatility and adverse price movements. As a derivative, it reflects traders' predictions about future price movements of Impossible Cloud Network Token.
When you expect the price of Impossible Cloud Network Token to rise, you can go long to maximize profit. Conversely, if you anticipate the price of Impossible Cloud Network Token to fall, you can go short to hedge against potential losses in spot assets due to the decline.
Over the longer term, Impossible Cloud Network Token may experience bear markets or sentiment shifts that can negatively impact your portfolio's returns. In such cases, Impossible Cloud Network Token futures can help protect your investments, mitigate risks from price drops, and support better portfolio management.
Futures trading rules >What types of futures trading does Bitget support?
Bitget offers four futures trading types:
1. USDT-M Futures:
USDT-M Futures are settled in the stablecoin USDT. Examples include BTCUSDT and ETHUSDT (note that the quote currency on the right is the stablecoin USDT).
2. USDC-M Futures:
USDC-M Futures are settled in the stablecoin USDC. Examples include BTCUSDC and ETHUSDC (note that the quote currency on the right is the stablecoin USDC).
3. Coin-M perpetual futures:
Coin-M perpetual futures are settled in cryptocurrency. Examples include BTCUSD and ETHUSD. Perpetual futures can be held indefinitely without an expiration date.
4. Coin-M delivery futures:
Coin-M delivery futures are settled in cryptocurrency, but with an expiration date. This means that users are required to deliver a specified amount of the asset on a predetermined future date. On the delivery date, the futures contract holder must fulfill the obligations outlined in the contract.
Why should I trade ICNT futures? What are the benefits of futures trading?
A ICNT futures is an agreement between a buyer and a seller to trade a specified ICNT quantity at a set ICNT price on a predetermined future date and time. This allows traders to profit from ICNT without actually holding it.
Individuals and organizations holding ICNT can use futures to hedge market volatility, offering better protection for their investments.
What are the advantages of Bitget Futures?
Bitget is a world-leading cryptocurrency trading platform. Bitget Futures offers four key advantages:
Top-level security: Bitget Futures provides exceptional security for complete peace of mind, integrating Proof of Reserves, a protection fund, and third-party fund custody to protect users' investments and assets. This makes Bitget a highly trustworthy choice.
Ultimate trading experience: Bitget offers a seamless futures trading experience, with abundant liquidity for both perpetual and delivery futures, making each transaction effortless and worry-free.
Efficient matching engine: Bitget's high-efficiency order matching engine ensures fast and smooth trading, standing out as a top choice in the industry for its leading technical capabilities.
24/7 customer support: Bitget's support team is available around the clock, providing responsive, professional assistance to promptly resolve any issues and ensure an outstanding user experience.
In summary, Bitget leads the way in futures trading innovation by continuously enhancing and optimizing platform features. With a wide range of trading products, Bitget is dedicated to creating a secure and efficient trading environment that fully meets the needs of all types of investors.
How do I make ICNT futures trades?
1. Transfer funds to your futures account.
2. Select your preferred ICNT futures trading pair, choose your margin mode, set the leverage, and select an order type.
3. Set your take-profit and stop-loss targets, then select "Buy long" or "Sell short."
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How to trade futures on the go?
Bitget app
Download the Bitget app and trade anytime, anywhere
1. Create a free Bitget account
2. Buy or deposit cryptocurrency
3. Select a futures trading pair and type, set the trading parameters, and start trading
Sign upWhat are the risks in futures trading?
The high leverage and potential returns in futures margin trading come with significant risks, particularly for new investors. The unknown risks may be daunting, making it difficult for beginners to accurately grasp market conditions. These risks arise from the inherent uncertainties of futures trading, which can lead to the loss of the investor's principal. It is essential for beginners to fully understand these risks and only engage in trade when they are confident in their ability to bear potential losses.
Major risks in futures trading:
Price volatility: The high volatility of futures prices can make it challenging for investors to accurately grasp market trends and may lead to undesired investment outcomes.
Potential liquidation: If the market moves against your position, you may face significant losses. To avoid liquidation, investors must either increase their margin or reduce their positions, or they will incur losses.
Trading performance: Once an order is filled, it cannot be reversed. Investors should understand the risks involved before starting futures trading. Additionally, the exchange does not guarantee profits for investors, nor does it share the profits and risks with investors.
Policies and regulations: Cryptocurrency futures trading may be subject to regional regulatory changes. Investors should understand the policy environment of the regions they are trading in and make prudent decisions.
Force majeure: If natural disasters (e.g., earthquakes, floods, or fires) or technical issues (such as computer or communication system failures) prevent orders from being fully executed, investors are responsible for any resulting losses.
Additional risks of high leverage:
High leverage in futures trading can significantly amplify both profits and losses. Trading platforms closely monitor high-leverage positions and may intervene if these positions pose risks to market stability. For instance, Bitget actively monitors positions with excessively high leverage to maintain a stable market environment. If an investor's position is deemed to threaten market stability, Bitget will take appropriate actions, including but not limited to communicating with the investor, providing risk disclosures, partially or fully liquidating the position, and canceling orders, with a written explanation provided to the investor. These measures help protect other investors and are essential for maintaining a stable and secure trading environment.
These are some of the key risks associated with futures trading. For beginners, it's essential to carefully evaluate these risks and allocate funds wisely. Only with a full understanding of the risks can investors engage in futures trading safely and protect their investments.
Note: Trading futures, derivatives, and other instruments with leverage involves certain risks and may not be suitable for everyone.
Risk management in futures trading
Risk management is essential for futures traders to protect their capital and reduce potential losses. Here are some effective risk management strategies:
Effective risk management strategies that futures traders can implement:
Control leverage: Choose leverage carefully based on your risk tolerance. While higher leverage can amplify returns, it also increases potential losses. Beginners are strongly advised to start with lower leverage.
Maintain sufficient margin: Ensure your account has adequate margin to avoid liquidation caused by market volatility. Monitor your account balance closely and add margin as needed to sustain your positions.
Set TP/SL targets: Establish stop-loss and take-profit targets for each trade to automatically close positions, locking in profits and limiting losses. This approach helps avoid emotional decision-making that could impact trade outcomes.
Diversify your portfolio: Avoid placing all your funds in a single futures contract. Spread your investment across different trading pairs and markets to lower overall risk.
Regularly access market conditions: Stay informed about market trends and relevant news, and use both technical and fundamental analysis to adjust your trading strategies promptly in response to market changes.
Adopt appropriate trading strategies: Use proven trading strategies such as trend trading, arbitrage, or day trading to increase your success rate. Identify your trading style and plan accordingly.
Stay calm: Manage your emotions and avoid making impulsive decisions driven by fear or greed. Stick to your plan and avoid following market trends blindly.
Keep learning: Continuously improve your knowledge of futures trading, including market analysis, technical analysis, and fundamental analysis. Ongoing learning helps improve the quality of your trading decisions.
Bitget also provides essential risk management measures for investors:
Asset protection: Bitget implements multiple security measures, including Proof of Reserves, Protection Fund, and third-party fund custody, to ensure the security of user assets.
Risk warning system: The platform monitors margin positions and issues a risk warning if leverage for a position is too high, reminding users to adjust their positions promptly.
Liquidation mechanism: To maintain market stability and prevent further losses, Bitget will automatically liquidate positions if a user's margin falls below the maintenance margin level.
Education and support: Bitget offers a wealth of educational resources, including information on trading strategies, risk management, and market analysis, to help users improve their trading skills and risk awareness.
24/7 customer support: Bitget's customer service is available around the clock to answer questions and address concerns, assisting users in managing risks more effectively in futures trading.
Effective risk management is essential for success in futures trading. We encourage users to make full use of the risk management tools provided by Bitget to trade safely and efficiently. Remember to stay rational and cautious, employ diverse trading strategies, remain vigilant, and adjust your approach as needed to protect your funds in this complex and volatile market.
Learn more about risk management>Learn more about Impossible Cloud Network Token
How to buy Impossible Cloud Network Token?You can buy Impossible Cloud Network Token on Bitget. We've included detailed instructions to make it easier for you to navigate the Impossible Cloud Network Token purchasing process.What is Impossible Cloud Network Token and how does Impossible Cloud Network Token work？Discover Impossible Cloud Network Token's operational mechanism and tokenomics.Impossible Cloud Network Token priceDiscover Impossible Cloud Network Token price trends, charts, and historical data with Bitget.Impossible Cloud Network Token newsLearn about Impossible Cloud Network Token's latest activities and developments.
Swap Impossible Cloud Network Token for other assets
After purchasing Impossible Cloud Network Token, you can trade it for fiat currencies or other cryptocurrencies. Bitget offers instant trades and reliable uptime across over 200 Impossible Cloud Network Token trading pairs.
ICNT to MXN
Mexican Peso
Mex$3.7ICNT to GTQGuatemalan Quetzal
Q1.51ICNT to CLPChilean Peso
CLP$190.18ICNT to HNLHonduran Lempira
L5.17ICNT to UGXUgandan Shilling
Sh703.11ICNT to ZARSouth African Rand
R3.56ICNT to TNDTunisian Dinar
د.ت0.57ICNT to IQDIraqi Dinar
ع.د257.02ICNT to TWDNew Taiwan Dollar
NT$5.83ICNT to RSDSerbian Dinar
дин.19.84ICNT to DOPDominican Peso
RD$11.96ICNT to MYRMalaysian Ringgit
RM0.84ICNT to GELGeorgian Lari
₾0.53ICNT to UYUUruguayan Peso
$7.88ICNT to MADMoroccan Dirham
د.م.1.78ICNT to OMROmani Rial
ر.ع.0.08ICNT to AZNAzerbaijani Manat
₼0.33ICNT to SEKSwedish Krona
kr1.89ICNT to KESKenyan Shilling
KSh25.41ICNT to UAHUkrainian Hryvnia
₴8.2- 1
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Futures trading carries high risks, and investors may experience partial or total loss of funds. Investors should make informed decisions and thoroughly understand these risks. Futures prices are highly sensitive to market fluctuations, with rapid and significant price changes, requiring investors to develop strong risk management skills. All information, data, and content on this website are provided for reference only and should not be considered trading guidance or recommendations. Investors should conduct their own research and seek professional advice. Futures trading is subject to applicable laws and regulations, and investors should ensure they understand local laws before trading. Bitget is not liable for any direct or indirect losses resulting from futures trading. Investors are solely responsible for their trading decisions.