Tutorial on AscendEX contract trading

Embarking on your derivatives trading journey with AscendEX requires account creation, comprehension of contracts, funding, contract selection, diligent leverage understanding, mindful order placement, position monitoring, effective risk management practices, and responsible fund withdrawal.

Dec 01, 2024 at 02:37 pm

Tutorial on AscendEX Contract Trading: A Comprehensive Guide

Welcome to the ultimate tutorial on contract trading with AscendEX, the esteemed cryptocurrency exchange. If you're eager to delve into the realm of derivatives trading, this guide will equip you with the knowledge and skills to navigate the AscendEX platform seamlessly. We'll embark on a comprehensive journey, covering every essential aspect, from account setup to executing trades and managing risk.

Step 1: Creating an AscendEX Account

Visit the official AscendEX website and click on "Register."
Provide your email address, create a strong password, and accept the Terms of Service.
Verify your email address by entering the code sent to your inbox.

Step 2: Understanding Contracts and Types

Contracts are financial instruments that derive their value from an underlying asset. AscendEX offers perpetual contracts, which are derivatives that track the price of the underlying cryptocurrency without an expiry date.

Step 3: Funding Your Account

Log into your AscendEX account and click on "Deposit."
Choose a deposit method and follow the instructions provided.
AscendEX supports a wide range of cryptocurrencies and fiat currencies.

Step 4: Choosing the Right Contract

Navigate to the "Contracts" page and select the cryptocurrency pair you wish to trade.
Consider factors such as liquidity, trading volume, and volatility when selecting a contract.

Step 5: Understanding Leverage

Leverage is a double-edged sword that allows traders to amplify their profits but also magnifies their losses. AscendEX offers adjustable leverage, enabling you to customize your risk exposure.

Step 6: Placing Orders

Identify the order type that aligns with your trading strategy.
Specify the entry price, quantity, and leverage for your order.
Review your order details carefully before executing it.

Step 7: Monitoring Your Position

AscendEX provides real-time updates on the status of your open positions.
Monitor your position's profit/loss (P/L), margin level, and liquidation price.

Step 8: Managing Risk

Implement appropriate risk management strategies, such as stop-loss orders and position sizing.
AscendEX offers automated liquidation to mitigate losses when your margin level falls below a critical threshold.

Step 9: Withdrawing Funds

Navigate to the "Withdraw" page and select the cryptocurrency you wish to withdraw.
Enter the withdrawal address and amount, then follow the withdrawal process.

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

gork

$0.0659

81.65%

Trade Now
ZBCN

$0.0022

22.62%

Trade Now
PARTI

$0.2433

21.35%

Trade Now
AVA

$0.0852

19.79%

Trade Now
SCRT

$0.2497

16.37%

Trade Now
XEM

$0.0210

13.00%

Trade Now

Latest Crypto News

DOGE price analysis: Targeting 0.1755 - 0.1815 on rebound
2025-05-05 09:50:12
Ondo Gains on Sentiment, Sei’s Deal Sparks Buzz, While Web3 ai’s 1,747% ROI Potential Gets Real Attention from Traders
2025-05-05 09:50:12
Bitcoin (BTC) Is at a Pivotal Moment, Trading at a Critical Support Level of $91,200
2025-05-05 09:46:12
As the cryptocurrency market heats up, seasoned investors are eyeing the next big winner with the potential for explosive returns.
2025-05-05 09:46:12
Justin Sun's TRON Upgrade Met with Enthusiasm, but Hack Overshadows the Event
2025-05-05 09:44:56
Will Binance Coin (BNB) Reach the Coveted $1,000 Mark in the Near Future?
2025-05-05 09:44:56

Related knowledge

How to check the liquidation price of Gemini contract? Can I close the position manually?

May 04,2025 at 03:35am

When trading on the Gemini exchange, understanding how to monitor your liquidation price and manage your positions effectively is crucial for successful trading. This article will guide you through the process of checking the liquidation price for Gemini contracts and explain how you can manually close a position. Understanding Liquidation Price on Gemi...

How to adjust the leverage in Gemini contract? Will it affect the current order?

May 02,2025 at 08:07pm

Introduction to Leverage in Gemini ContractsGemini, a well-known cryptocurrency exchange, offers futures contracts that allow traders to speculate on the future price of cryptocurrencies. One of the key features of these contracts is the ability to use leverage, which can amplify both potential gains and losses. Leverage in Gemini contracts refers to th...

How to calculate the index price of Gemini contract? Which exchanges are the sources?

May 03,2025 at 02:28am

The index price of a Gemini contract is a crucial metric used to determine the fair value of a cryptocurrency futures contract on the Gemini exchange. This index price is calculated using a methodology that aims to provide a reliable and transparent reference price for traders and investors. In this article, we will delve into the specifics of how the i...

How to switch trading pairs in Gemini contract? Will it affect existing positions?

May 02,2025 at 01:43am

Switching trading pairs in the Gemini contract can be a crucial aspect of managing your cryptocurrency portfolio. This guide will walk you through the process of switching trading pairs and discuss whether this action will affect your existing positions. Understanding these elements is essential for effective trading on the Gemini platform. Understandin...

What are the order types for Gemini contracts? What scenarios are they suitable for?

May 03,2025 at 10:42pm

Gemini, a well-known cryptocurrency exchange, offers a variety of order types for trading contracts. Understanding these order types and their suitable scenarios can help traders execute their strategies more effectively. This article will delve into the different order types available on Gemini for contracts and explore the scenarios in which they are ...

How to modify the security settings of a Gemini contract? What measures are recommended?

May 02,2025 at 06:35pm

Modifying the security settings of a Gemini contract and implementing recommended security measures are crucial steps in safeguarding your cryptocurrency assets. This article will guide you through the process of adjusting security settings on the Gemini platform and outline the best practices for maintaining the highest level of security for your contr...