How to play the AscendEX contract

To trade on the AscendEX platform, users should create an account, fund it, select a futures contract, place an order, monitor it, and close it when they are ready to exit the position.

Dec 05, 2024 at 01:30 pm

How to Play the AscendEX Contract

AscendEX is a cryptocurrency exchange that offers a variety of trading options, including spot trading, margin trading, and futures trading. Futures trading is a type of derivative trading that allows traders to speculate on the future price of an asset.

To play the AscendEX contract, you will need to create an account on the exchange and deposit funds into your account. Once you have done this, you can start trading futures contracts.

Here are the steps on how to play the AscendEX contract:

Create an account on AscendEX.

To create an account on AscendEX, you will need to provide your email address, create a username and password, and agree to the terms of service. Once you have created an account, you will need to verify your email address.

Deposit funds into your account.

To deposit funds into your AscendEX account, you can use a variety of methods, including bank wire, credit card, debit card, and cryptocurrency.

Choose a futures contract to trade.

AscendEX offers a variety of futures contracts to trade, including BTC/USDT, ETH/USDT, and BNB/USDT. You can choose the contract that you want to trade based on your market analysis.

Place an order.

To place an order, you will need to specify the type of order you want to place, the price you want to buy or sell at, and the amount of the contract you want to trade.

Monitor your order.

Once you have placed an order, you can monitor it in the "Orders" tab of your account. You can see the status of your order, the price at which it was executed, and the amount of the contract that you have traded.

Close your order.

When you are ready to close your order, you can do so by clicking on the "Close" button in the "Orders" tab of your account. You can also close your order by placing an opposite order to the one you originally placed.

Here are some tips for playing the AscendEX contract:

Do your research. Before you start trading futures contracts, it is important to do your research and understand the risks involved.
Start with a small amount of money. When you are first starting out, it is a good idea to start with a small amount of money so that you can learn how to trade without risking too much capital.
Use stop-loss orders. Stop-loss orders can help you to protect your profits and limit your losses.
Don't trade with money that you can't afford to lose. Futures trading is a risky business, and it is important to only trade with money that you can afford to lose.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

FUN

$0.0115

54.06%

Trade Now
KTA

$0.6339

40.05%

Trade Now
AURA

$0.1200

33.94%

Trade Now
ANON

$4.19

32.14%

Trade Now
USELESS

$0.1013

30.84%

Trade Now
XPR

$0.0033

28.53%

Trade Now

Latest Crypto News

Cryptocurrencies, Coingecko, and Trending Tokens: What's Hot Now?
2025-06-23 23:05:12
FUNToken: Decoding Past Trends and Getting Started in the Gaming Crypto Sphere
2025-06-23 22:25:12
BTC Price Analysis: Navigating Volatility and the Quest for a New ATH
2025-06-23 22:25:12
Genesis, Bitcoin Mining, and Air-Cooled Miners: A New Era?
2025-06-23 22:45:12
Coinbase's Growth and Resilience: Navigating the Crypto Landscape
2025-06-23 22:45:12
Bitcoin Options Market: Bullish Bets Amidst Geopolitical Jitters
2025-06-23 22:51:52

Related knowledge

How to use the price slope to filter the false breakthrough signal of the contract?

Jun 20,2025 at 06:56pm

Understanding the Concept of Price Slope in Contract TradingIn contract trading, especially within cryptocurrency derivatives markets, price slope refers to the rate at which the price changes over a specific time period. It helps traders assess the strength and sustainability of a trend. A steep slope may indicate strong momentum, while a shallow slope...

How to determine the expected volatility of the contract through the volatility cone?

Jun 19,2025 at 12:28pm

Understanding the Basics of Volatility in Cryptocurrency ContractsIn the realm of cryptocurrency trading, volatility is a key metric that traders use to assess potential risk and reward. When dealing with futures contracts, understanding how volatile an asset might become over time is crucial for position sizing, risk management, and strategy developmen...

How to formulate a contract intraday trading plan in combination with the pivot point system?

Jun 21,2025 at 03:42pm

Understanding the Basics of Pivot Points in Cryptocurrency TradingPivot points are technical analysis tools used by traders to identify potential support and resistance levels. These levels are calculated using the previous day's high, low, and closing prices. In the context of cryptocurrency trading, where markets operate 24/7, pivot points help trader...

How to adjust the contract position ratio through the price fluctuation entropy?

Jun 22,2025 at 11:42am

Understanding Price Fluctuation Entropy in Cryptocurrency ContractsIn the world of cryptocurrency futures trading, price fluctuation entropy is a relatively new concept used to measure market volatility and uncertainty. It derives from information theory, where entropy refers to the degree of randomness or unpredictability in a system. In crypto contrac...

How to use the volume swing indicator to predict the contract volume-price divergence?

Jun 18,2025 at 11:42pm

Understanding the Volume Swing IndicatorThe volume swing indicator is a technical analysis tool used primarily in cryptocurrency trading to evaluate changes in volume over time. Unlike price-based indicators, this metric focuses solely on trading volume, which can provide early signals about potential market reversals or continuations. The key idea behi...

How to use the Gaussian channel to set the contract trend tracking stop loss?

Jun 18,2025 at 09:21pm

Understanding the Gaussian Channel in Cryptocurrency TradingThe Gaussian channel is a technical indicator used primarily in financial markets, including cryptocurrency trading, to identify trends and potential reversal points. It is based on statistical principles derived from the normal distribution, commonly known as the Gaussian distribution or bell ...