How to activate AscendEX contract multiples

How to activate AscendEX contract multiples

AscendEX is a leading digital asset exchange that offers a wide range of trading products and services, including contract multiples. Contract multiples allow traders to increase their potential profits by using leverage, but also come with increased risk.

Before you can activate contract multiples on AscendEX, you must first create an account and complete the KYC process. Once you have done this, you can follow the steps below to activate contract multiples:

1. Log in to your AscendEX account.
2. Click on the "Contracts" tab.
3. Select the contract you want to trade.
4. Click on the "Multiples" tab.
5. Enter the desired number of multiples you want to use.
6. Click on the "Activate" button.

Once you have activated contract multiples, you will be able to trade with increased leverage. However, it is important to use caution when trading with leverage, as you can lose more money than you originally invested.

Here are some of the things you should keep in mind when trading with contract multiples:

• The higher the leverage, the greater the potential profit. However, the higher the leverage, the greater the risk of loss.
• You can lose more money than you originally invested. If the market moves against you, you may be forced to liquidate your position at a loss.
• It is important to have a stop-loss order in place. This will help to protect you from losing more money than you can afford.

If you are new to trading with contract multiples, it is a good idea to start with a small amount of leverage. This will help you to get a feel for how leverage works and how to manage the risk.

Note: Contract multiples are not available for all contracts on AscendEX. Please check the contract specifications before activating contract multiples.