Does AscendEX have contract trading?

AscendEX, a Seychelles-based cryptocurrency exchange, offers contract trading, including perpetual and quarterly contracts, allowing traders to speculate on asset price movements without owning them.

Nov 29, 2024 at 07:33 am

Does AscendEX Have Contract Trading?

AscendEX is a Seychelles-based cryptocurrency exchange that offers a wide range of services, including spot trading, margin trading, futures trading, and staking.

Does AscendEX have contract trading?

Yes, AscendEX offers contract trading. Contract trading is a type of derivatives trading that allows traders to speculate on the future price of an asset without having to take ownership of the underlying asset.

What types of contract trading does AscendEX offer?

AscendEX offers two types of contract trading:

• Perpetual contracts: Perpetual contracts are futures contracts that have no expiry date. This means that traders can hold positions for as long as they want, without having to worry about the contract expiring.
• Quarterly contracts: Quarterly contracts are futures contracts that expire every three months. This means that traders need to close their positions before the contract expires, or they will be forced to take delivery of the underlying asset.

What are the benefits of contract trading on AscendEX?

There are several benefits to contract trading on AscendEX, including:

• Leverage: Contract trading allows traders to use leverage, which means that they can trade with more capital than they have in their account. This can amplify both profits and losses, so it is important to use leverage wisely.
• Short selling: Contract trading allows traders to short sell an asset, which means that they can profit from a decline in the asset's price. This is not possible with spot trading.
• Hedging: Contract trading can be used to hedge against risk in other parts of your trading portfolio.

How do I start contract trading on AscendEX?

To start contract trading on AscendEX, you will need to:

1. Open an account: If you do not already have an AscendEX account, you will need to open one. You can do this by visiting the AscendEX website and clicking on the "Sign Up" button.
2. Fund your account: Once you have opened an account, you will need to fund it with cryptocurrency. You can do this by depositing cryptocurrency from another exchange or by purchasing cryptocurrency directly from AscendEX.
3. Choose a contract: Once you have funded your account, you will need to choose a contract to trade. AscendEX offers a wide range of contracts, so you will need to decide which one is right for you.
4. Place an order: Once you have chosen a contract, you will need to place an order. You can do this by clicking on the "Buy" or "Sell" button and entering the desired order size and price.
5. Manage your position: Once you have placed an order, you will need to manage your position. This includes monitoring the position's profit and loss, and adjusting the leverage as needed.

Risks of Contract Trading

Contract trading is a complex and risky activity. It is important to understand the risks involved before you start trading:

• The potential rewards of contract trading are high, but the risks are also high. It is possible to lose all of your trading capital if you are not careful.
• Contract trading is a leveraged product. This means that you can lose more money than you have in your account.
• The market for contracts can be volatile. This means that the price of a contract can fluctuate rapidly, which can lead to large losses.
• It is important to have a trading plan and to manage your risk carefully. If you do not have a trading plan, you are more likely to make impulsive decisions that could lead to losses.