How to operate AscendEX contract trading

To start contract trading on AscendEX, create an account, fund it, open a contract trading account, choose a contract, place an order, monitor it, and close your position to complete the process.

Nov 27, 2024 at 01:29 am

How to Operate AscendEX Contract Trading

1. Create an AscendEX Account

Before you can start trading contracts on AscendEX, you will need to create an account. To create an account, visit the AscendEX website and click on the "Sign Up" button. You will be prompted to enter your email address, create a password, and agree to the terms of service. Once you have entered all of the required information, click on the "Sign Up" button to create your account.

2. Fund Your Account

Once you have created an account, you will need to fund your account before you can start trading. To fund your account, click on the "Deposit" button on the AscendEX website. You will be presented with a variety of deposit options, including cryptocurrency, wire transfer, and credit card. Choose the deposit option that is most convenient for you and follow the instructions on the screen to complete the deposit process.

3. Open a Contract Trading Account

Once you have funded your account, you can open a contract trading account. To open a contract trading account, click on the "Contracts" tab on the AscendEX website. Then, click on the "Open Account" button. You will be prompted to enter some basic information, including your trading experience and risk tolerance. Once you have entered all of the required information, click on the "Open Account" button to create your contract trading account.

4. Choose a Contract to Trade

AscendEX offers a variety of contract trading pairs, including BTC/USDT, ETH/USDT, and XRP/USDT. To choose a contract to trade, click on the "Contracts" tab on the AscendEX website. Then, click on the "All Contracts" button. You will be presented with a list of all of the available contract trading pairs. Click on the contract trading pair that you want to trade.

5. Place an Order

Once you have chosen a contract trading pair, you can place an order. To place an order, click on the "Buy" or "Sell" button on the contract trading page. You will be prompted to enter the quantity of the contract that you want to buy or sell, as well as the price at which you want to buy or sell the contract. Once you have entered all of the required information, click on the "Place Order" button to place your order.

6. Monitor Your Order

Once you have placed an order, you can monitor the status of your order on the contract trading page. You will be able to see the price at which your order was executed, as well as the quantity of the contract that you bought or sold. You can also cancel your order at any time by clicking on the "Cancel Order" button.

7. Close Your Position

When you are ready to close your position, you can click on the "Close Position" button on the contract trading page. You will be prompted to enter the quantity of the contract that you want to close, as well as the price at which you want to close the contract. Once you have entered all of the required information, click on the "Close Position" button to close your position.