AscendEX Perpetual Contract Tutorial Example

AscendEX Perpetual Contract Tutorial Example

AscendEX is a user-friendly cryptocurrency exchange that offers a diverse range of trading products, including spot trading, margin trading, and perpetual contracts. Perpetual contracts are a type of derivative that allows traders to speculate on the future price of an asset without actually taking ownership of it.

In this tutorial, we will provide a step-by-step guide on how to trade perpetual contracts on AscendEX.

Step 1: Create an AscendEX Account

The first step is to create an AscendEX account. To do this, visit the AscendEX website and click on the "Sign Up" button. You will be asked to provide your email address, create a password, and agree to the terms of service.

Step 2: Fund Your Account

Once you have created an account, you will need to fund it with cryptocurrencies. AscendEX supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and USDT. You can deposit funds into your account by clicking on the "Deposit" button on the homepage.

Step 3: Find the Perpetual Contract Market

Once you have funded your account, you can start trading perpetual contracts. To do this, click on the "Derivatives" tab on the homepage. This will take you to the derivatives trading page.

On the derivatives trading page, you will see a list of all of the perpetual contract markets that are available on AscendEX. You can choose the market that you want to trade by clicking on it.

Step 4: Place an Order

Once you have chosen the market that you want to trade, you can place an order. To do this, click on the "Order" button.

In the order form, you will need to specify the following information:

• Order type: The type of order that you want to place. AscendEX supports market orders, limit orders, and stop orders.
• Side: The side of the order that you want to place. You can either buy or sell perpetual contracts.
• Quantity: The number of perpetual contracts that you want to trade.
• Price: The price at which you want to place your order.

Once you have filled out the order form, click on the "Place Order" button. Your order will be submitted to the market and will be executed when the market price reaches your specified price.

Step 5: Monitor Your Order

Once you have placed an order, you can monitor it by clicking on the "Orders" tab on the homepage. This will take you to the order history page.