Question: What should newcomers pay attention to when trading contracts?

Answer: In China, transactions related to virtual currencies are not legally protected, and the risks of virtual currency contract trading are extremely high. It is not recommended for you to participate. However, if you must try, here are some points that may require your attention:

1. Understand the risks thoroughly: Contract trading has high leverage characteristics, which may lead to huge losses, even wiping out your principal.

2. Learn relevant knowledge: This includes market mechanisms, technical analysis, fundamental analysis, etc., to avoid blindly following trends.

3. Control your position: Do not invest excessively, to avoid huge losses due to a single trading mistake.

4. Develop a trading plan: Clearly define entry points, stop-loss points, and take-profit points, and strictly adhere to them.

5. Stay calm: Do not be swayed by emotions, and avoid impulsive trading during market fluctuations.

6. Choose a reliable trading platform: Pay attention to the platform's security, reputation, and trading fees.

7. Keep an eye on market dynamics: This includes the impact of policies, regulations, industry news, etc., on the market.

Again, it is emphasized that virtual currency trading is illegal in China and carries significant risks. Please choose carefully.