All-in-One Guide to BYDFi Contract Trading Settings & Alerts
In the digital asset market, contract trading has become a preferred choice for many cryptocurrency investors due to its flexible leverage mechanism and the ability to open both long and short positions. Compared to spot trading, contract trading allows traders to amplify potential returns with lower capital investment, making it a highly strategic and challenging endeavor. As a globally leading cryptocurrency trading platform, BYDFi provides a stable trading environment and a variety of auxiliary features to enhance both efficiency and security in contract trading.
This article will take the BYDFi web-based contract trading page as an example to comprehensively introduce key auxiliary features, helping you quickly grasp operational techniques and configuration recommendations.
Trading Settings
Upon entering the contract trading page, click the settings icon in the upper right corner to access the settings page. 
You can personalize your trading mode and order placement preferences, which include:
- Position Mode: Supports both hedge mode and one-way mode. Hedge mode allows holding both long and short positions simultaneously for flexible strategy adjustments.
- Price Protection: Prevents adverse price execution due to market volatility, enhancing risk management.
- Flash Order: Enables instant market orders directly from the candlestick chart, allowing for rapid position opening and closing.
- Order Confirmation: Provides clear prompts before placing an order, reducing the risk of misoperation.
Notification Settings
In a highly volatile market, staying informed about position changes and market movements is crucial. BYDFi offers multiple smart notification options, including:
- Liquidation Alerts: Triggers a warning notification when the margin ratio falls below a preset threshold (up to once every 30 minutes per position).
- Funding Fee Notice: Sends email and in-platform notifications if the funding rate exceeds the user-defined threshold.
- Triggered Orders & Stop-Loss/Take-Profit Trigger Notification: Notifies users of order execution success or failure in real-time (up to 20 times daily).
These notification mechanisms apply to both USDT-M and COIN-M contracts, ensuring you never miss any critical trade updates.
Trading Alerts & Price Notifications
BYDFi supports trading alerts that provide real-time feedback through pop-ups and sound notifications when key events occur, such as order execution, order cancellation, or forced liquidation.
Additionally, you can enable 'Price Notifications' in the upper right corner of the trading page:
- Custom Alert Conditions: Set alerts based on trading pairs, price fluctuations, alert frequency, and notification methods.
- Alert List Management: Easily enable, disable, or batch delete alerts as needed.
Quick Trading via Candlestick Chart
The BYDFi contract trading page supports quick operations directly from the candlestick chart, including:
• Creating, modifying, and canceling limit orders
• One-click market close for open positions
• Directly setting take-profit and stop-loss levels
This intuitive chart-based trading significantly improves order execution and position adjustment efficiency. We recommend utilizing the platform's educational resources to master these features.
Other Auxiliary Tools
Drawing Tools
Traders can draw trend lines, support, and resistance levels directly on the candlestick chart for technical analysis.
Snapshot Sharing
After completing your chart analysis, generate a technical analysis snapshot for easy sharing on social media. Additionally, users can share historical profit and loss records to showcase their trading performance.
Why Choose BYDFi for Contract Trading?
BYDFi offers the following key advantages:
- Up to 200x leverage, allowing flexible risk and reward management
- Seamless trading experience with a stable and low-latency system
- Support for multiple contract types, catering to diverse trading strategies
- Competitive fees and deep liquidity for efficient order execution
Conclusion
Contract trading requires not only strong execution skills but also solid risk management and auxiliary tools. With BYDFi’s comprehensive set of trading features, you can trade more efficiently and securely in the leveraged market. Log in to BYDFi now and experience the ultimate trading toolkit for professionals!
📌 Disclaimer: This article is for informational purposes only and does not constitute investment advice. Contract trading carries significant risks—please carefully assess your financial situation and risk tolerance before investing.