Double-UP contract is designed for beginners who just enter the trading world.
The contract will never lose more than the first payment, provides a peaceful mind for new traders. It's easy to understand and has limit risk.
Everyone can enter a trade, but only a pro knows when to exit.
Many new traders might not know that they will end up with losing much more than what they paid in the first place. They do not understand the professional terms: initial margin, notional amount, maintenance margin, margin call.
With 100x leverage, which is now common across renowned exchanges, a trader only pays 1% of they might actually lose in the end if he/she can not exit the trade. Because take profit and stop loss of the trade are set by the system automatically.
Smart Exit: Exit In Time to Get Your Money in Pocket.
Most beginners lose because they forgot or even do not know that they need to exit their trades.
Either it's because of the trade has unfortunately hit the budget for it to lose, or it successfully fulfilled the expected profit, we miss the market, or we simply forgot that we have a trades to attend to.
Margin Trading is high-leveraged and risky, crypto market is extremely volatile, if a losing trade does not exit in time, it might cause you to lose much more money than you can expect, the worst times: you lost all your funds, and get 'BUSTED'.
With such a volatile and 7x24 market, trade opportunities are easy to miss, a winning trade might also turn into a losing trade if it does not exit in time.
Or if you just forget that you have a trade ... most of the time you will end up with an empty account when you do remember.
For Double-UP contract, KoinPro takes care of it all for you.
1. When you enter, your trade will never lose more than the amount you pay in the first place, a.k.a, the initial margin amount.
2. Your trade will exit in time when its profit 'double' your initial payment. So you won't miss a good earning opportunity!
3. Double-UP contract expires each day at 00:00 UTC time. If the trade does not get exit because it hits 100% loss nor 100% profit, it will expire and you get corresponding profit/loss at the expiry time. So no nightmares ever if you forget a trade for several days!