How to play AscendEX delivery contract

AscendEX delivery contracts provide traders with a leveraged and flexible way to speculate on the future price movements of cryptocurrencies without directly owning the underlying assets.

Nov 27, 2024 at 02:30 am

Step 1: Understanding AscendEX Delivery Contracts

AscendEX delivery contracts are derivative agreements whereby traders speculate on the future price of an underlying cryptocurrency asset.
The primary objective is to profit from fluctuations in the underlying asset's value without directly purchasing the asset itself.
These contracts are settled through the exchange of the underlying asset on a specified future date.

Step 2: Creating an AscendEX Account

Visit the official AscendEX website and create a trading account.
Provide accurate personal information and undergo the necessary KYC (Know Your Customer) verification process.
Once verified, fund your trading account through supported payment methods, such as bank transfers, credit/debit cards, or cryptocurrencies.

Step 3: Navigating the Futures Market

Locate the "Futures" section in the AscendEX trading platform.
Choose the preferred trading pair (e.g., BTC/USDT, ETH/USDT).
Familiarize yourself with the order book, trading chart, and other market data.

Step 4: Choosing a Contract Type

AscendEX offers two types of delivery contracts: Perpetual and Quarterly.
Perpetual contracts do not have a fixed expiry date and can be held indefinitely.
Quarterly contracts expire on predetermined quarterly dates and are cash-settled upon expiration.

Step 5: Placing a Trade

Decide on the contract size (quantity of the underlying asset) and the desired leverage (amount of borrowed capital).
Select the "Buy" or "Sell" option depending on your market sentiment (bullish or bearish).
Enter the limit price (desired execution price) and the stop price (price level where the order triggers a stop-loss or take-profit order).

Step 6: Managing Risk

Determine the appropriate position size based on your trading capital and risk tolerance.
Utilize stop-loss and take-profit orders to protect against potential losses and secure profits.
Monitor the contract closely and adjust your position if necessary based on market conditions.

Step 7: Settlement of Contract

Upon expiration of a Quarterly contract or when you close your Perpetual contract position, the exchange will deliver or take delivery of the underlying asset.
The profit or loss is calculated based on the difference between the contract entry price and the settlement price.

Step 8: Understanding Margin and Leverage

Margin refers to the collateral required to open a leveraged futures position.
Leverage allows traders to amplify their trading potential by borrowing capital from the exchange.
Higher leverage can lead to higher profits but also carries greater risk of losses.

Step 9: Market Analysis and Trading Strategy

Develop a sound trading strategy based on technical or fundamental analysis.
Monitor market trends, identify trading opportunities, and execute trades with precision.
Learn risk management techniques, such as position sizing and stop-loss placement, to optimize profit potential while minimizing losses.

Step 10: Responsible Trading

Never invest more than you can afford to lose.
Thoroughly understand the risks involved in futures trading.
Practice caution and seek professional advice if necessary before engaging in significant trades.

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！

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