How to Trade AscendEX Contracts

Introduction

AscendEX offers a comprehensive trading platform for traders of all levels to access a wide range of cryptocurrencies and derivative products. Among these products are contracts, which allow traders to speculate on the future price of an underlying asset. Contract trading involves leveraging, margin trading, and advanced order types, making it a suitable option for both experienced and sophisticated traders.

This guide will provide a step-by-step walkthrough of the contract trading process on AscendEX. Whether you are a seasoned pro or new to contract trading, this guide will equip you with the knowledge you need to navigate the platform and execute profitable trades.

Step 1: Open an Account

To start trading contracts on AscendEX, you must first create an account. Visit the AscendEX website and click on the "Sign Up" button. Provide the necessary information and complete the registration process.

Once your account has been created, you will need to fund it before you can start trading. AscendEX accepts a variety of payment methods, including bank transfers, credit cards, and cryptocurrencies.

Step 2: Understand Contract Basics

Before you start trading contracts, it is essential to understand the basics of this financial instrument:

• Contracts: Contracts are derivative products that allow traders to speculate on the future price of an underlying asset, such as Bitcoin or Ethereum, without owning the asset itself.
• Leverage: Contracts are traded on margin, which means that traders can borrow资金 to increase their potential profits. However, this also increases their potential losses, so it is important to use leverage wisely.
• Order Types: AscendEX offers a variety of order types, including limit orders, market orders, and stop orders. It is important to understand the differences between these order types before placing any trades.

Step 3: Choose a Contract

AscendEX offers a range of contracts for traders to choose from. These include:

• Perpetual Contracts: Perpetual contracts are futures contracts that never expire. They are designed to track the spot price of the underlying asset and offer traders the ability to hold positions for an indefinite period of time.
• Quarterly Contracts: Quarterly contracts are futures contracts that expire on a quarterly basis. They are typically used for speculating on short-term price movements.

When choosing a contract, it is important to consider the underlying asset, the contract specifications, and your own trading strategy.

Step 4: Place an Order

Once you have chosen a contract, you can place an order to buy or sell it. To do this, follow these steps:

1. Navigate to the "Contracts" page on AscendEX.
2. Select the contract you want to trade.
3. Enter the number of contracts you want to buy or sell