How to add margin to AscendEX contract

How to Add Margin to AscendEX Contract

1. Log in to ascendex.com

• Navigate to the AscendEX website and log in to your account.
• Once logged in, hover over the "Trade" tab and click on "Margin."

2. Select the trading pair

• Find the trading pair on which you wish to add margin.
• Click on the trading pair to open the trading interface.

3. Enable margin trading

• Locate the "Margin Trading" section at the bottom of the trading interface.
• Click on the "Enable Margin Trading" button.

4. Transfer funds to margin account (optional)

• If you don't have sufficient funds in your margin account, you can transfer funds from your spot account.
• Click on the "Transfer" button to transfer funds from your spot account to your margin account.

5. Adjusting leverage

• You can leverage your position by adjusting the "Leverage" value.
• The leverage you choose will determine how much margin you need to maintain.

6. Placing a margin order

• If you wish to go long on the trading pair, click on the "Buy" button.
• If you wish to go short on the trading pair, click on the "Sell" button.
• Enter the order quantity and click on the "Buy" or "Sell" button to place the order.

7. Margin details

• Once the order is placed, you can view the margin details in the "Margin History" tab.
• This tab shows the margin used, the leverage, and the maintenance margin.

8. Manage margin positions

• You can manage your margin positions by closing them or by adjusting the leverage.
• To close a position, click on the "Close Position" button.
• Once the position is closed, any funds remaining in the margin account will be transferred back to the spot account.