What are Position Mode and One-Way Mode?

BiyaPay supports two trading modes: Position Mode and Buy/Sell Mode.

In contract trading, Position Mode and Buy/Sell Mode are two different trading methods that affect the order placement logic of investors.

1、Position Mode

In Position Mode, traders’ orders are based on their existing positions, namely:

• Open Position: Establish a new position (long or short).

• Close Position: Close an existing position, locking in profit or loss.

Suitable for:

• Traders accustomed to using leveraged trading, establishing positions, and gradually closing them.

• Suitable for futures and perpetual contract markets.

Example:

• Open Long Position: Buy 1 BTC contract, expecting the price to rise.

• Close Long Position: After the price rises, sell 1 BTC contract to realize profit.

• Open Short Position: Sell 1 BTC contract, expecting the price to fall.

• Closing a Short Position: After a price drop, buy back 1 BTC contract to close the position and realize a profit.

In this mode, investors need to manually select the “open” or “close” option to ensure correct operation.

2、One-Way Mode

In One-Way Mode, trading is more similar to spot trading. Traders directly buy or sell without manually distinguishing between opening or closing positions.

Suitable for:

• Users accustomed to spot trading, for its simplicity and directness.

• Suitable for some simplified modes in contract trading.

Example:

• Buy: Directly buy 1 BTC contract and sell it after the price rises.

• Sell: Directly sell 1 BTC contract and buy it back after the price falls.

In this mode, the trading system automatically matches the opening or closing operation. Users only need to focus on buying or selling and do not need to manually select “open” or “close”.

Conclusion

• If you are familiar with contract trading and want to manage your positions, using the “open/close” mode is more flexible. - If you prefer spot trading and want a simpler trading experience, choosing the “Buy/Sell Mode” is more convenient.

BiyaPay contract trading supports both modes, and users can freely switch between them according to their trading habits.