How to go long

What is Going Long?

Using the BTC/USDT trading pair as an example, going long means borrowing more USDT to buy BTC at a lower price and selling it at a higher price to earn the difference.
Assume you have principal of 2,000 USDT and can use 10x leverage to buy 1 BTC long in the BTCUSDT futures market. If BTC’s price rises from 20,000 USDT to 25,000 USDT, your profit and loss (P&L) calculation would be as follows:

1 * (25,000 - 20,000) = 5,000 USDT

If you only use your own 2,000 USDT for spot trading, you would earn only 500 USDT. However, using 10x leverage in futures trading, the profit would be 10 times greater.

Note: For simplicity, the above example does not include calculations for premiums, margin P&L, transaction fees, or funding costs.

How to Go Long

If you anticipate the price of a cryptocurrency will rise, you can use leverage to go long and increase your potential profit. Using BTC/USDT perpetual futures as an example:

After logging into the XT official website, go to the Futures section.

Before opening a position, ensure there are funds in your futures account. You can either buy coins or transfer funds from your spot account. XT does not charge fees for internal transfers. For detailed instructions, refer to how to transfer and view your futures account funds.

Next, select Cross/Isolated Margin and set your Leverage. Choose an order mode: Limit, Market, or Trigger Order, then input the Price and Quantity, and click Buy to Open Long.

Once the order is executed, you can view the position details under Current Position.

Risk Warning:

Futures trading allows you to use less capital to potentially gain more profit. However, if the trade direction is incorrect, losses will also increase. XT advises beginners to avoid high-leverage, heavy-position trading to prevent significant losses or liquidation.