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AscendEX coin-margined contract tutorial
AscendEX's coin-margined contract trading provides traders with lower margin requirements, increased leverage, and direct exposure to price volatility of cryptocurrencies.
Dec 01, 2024 at 04:16 pm

AscendEX Coin-Margined Contract Tutorial: A Comprehensive Guide
AscendEX, a global cryptocurrency exchange renowned for its user-friendliness and diverse trading options, offers a sophisticated coin-margined contract trading platform. This tutorial delves into the essentials of coin-margined contracts on AscendEX, equipping traders with the knowledge and skills to navigate this dynamic market effectively.
What is Coin-Margined Contracts on AscendEX?
Coin-margined contracts, also known as perpetual contracts or inverse perpetual contracts, are unique financial instruments that allow traders to speculate on the future price of cryptocurrencies using a specified digital asset as collateral instead of stablecoins. This approach provides several advantages, including:
- Lower Margin Requirements: Compared to traditional margin trading, coin-margined contracts typically require lower margin requirements, making them accessible to traders with limited capital.
- Increased Leverage: Traders can utilize leverage to amplify their potential returns, although it's crucial to manage risk responsibly.
- Exposure to Price Volatility: Coin-margined contracts provide direct exposure to the underlying asset's price fluctuations, enabling traders to profit from both rising and falling markets.
Steps to Trade Coin-Margined Contracts on AscendEX:
1. Create an AscendEX Account:
- Register for an AscendEX account by providing necessary personal and KYC information.
2. Fund Your Account:
- Transfer cryptocurrency funds from an external wallet or use other supported payment methods to deposit funds into your AscendEX account.
3. Access Coin-Margined Contracts Trading:
- Navigate to the AscendEX trading interface and select "Derivatives" from the top menu.
- Choose "Coin-Margined" from the tabs below.
4. Choose a Trading Pair:
- Select the desired cryptocurrency pair for your trade. AscendEX offers a wide range of coin-margined contracts, including BTC/USDT, ETH/USDT, and more.
5. Configure Contract Parameters:
- Specify the contract size, which represents the notional value of your trade.
- Select the desired leverage, keeping in mind the risk involved with higher leverage.
- Set the stop loss and take profit levels to manage risk and secure potential gains.
6. Place Your Order:
- Choose between a long (buy) or short (sell) position, depending on your market outlook.
- Enter the quantity you wish to trade and review the estimated margin and profit/loss before confirming the order.
7. Manage Your Position:
- Monitor your open positions in real-time, adjusting stop loss and take profit levels as needed.
- Consider additional order types, such as limit orders and conditional orders, to refine your trading strategy.
8. Close Your Position:
- To close your position, simply execute an opposite order to your initial trade.
- For instance, if you opened a long position, you would close it by placing a short order of the same size.
9. Withdraw Your Funds:
- Once you have closed your positions and realized profits or losses, you can withdraw your funds from AscendEX to an external wallet or other preferred destination.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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