How to make money from AscendEX contract trading

Contract trading on AscendEX provides access to a robust trading platform with a diverse selection of perpetual and quarterly futures contracts, allowing traders to speculate on future price movements of digital assets without owning them.

Nov 23, 2024 at 11:29 pm

Step 1: Understand AscendEX and Its Contract Trading Platform

AscendEX is a prominent cryptocurrency exchange that has gained recognition for its robust trading platform and a wide range of digital assets.
Contract trading, often referred to as futures trading, enables traders to speculate on the future price movements of an underlying asset without actually owning the asset.
AscendEX offers perpetual and quarterly futures contracts, providing traders with flexibility in tailoring their trading strategies.

Step 2: Open a Trading Account on AscendEX

Register on the AscendEX website to create a trading account.
Provide personal information, including name, contact details, and identification verification, as required by regulatory compliance measures.
Fund your account with cryptocurrency to start trading.

Step 3: Choose the Right Contract

AscendEX offers a variety of perpetual and quarterly futures contracts across multiple cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).
Perpetual contracts have no expiration date, allowing traders to maintain their positions indefinitely.
Quarterly contracts expire on a specific date, typically every three months, and represent a commitment to buy or sell the underlying asset at that future date.

Step 4: Analyze Market Trends and Formulate a Trading Strategy

Utilize technical analysis indicators, such as moving averages, Bollinger Bands, and Relative Strength Index (RSI), to identify trading opportunities.
Consider market sentiment, news events, and economic indicators that may influence the price direction of the underlying asset.
Develop a trading plan that outlines your entry and exit points, risk management parameters, and profit targets.

Step 5: Place Your Trade

Access the AscendEX contract trading platform and select the desired contract to trade.
Choose between long (buy) and short (sell) positions based on your market analysis and trading strategy.
Determine the number of contracts to trade, set leverage (the ratio of your own funds to borrowed funds), and input the target price and stop-loss levels.

Step 6: Monitor Your Trades and Manage Risk

Regularly track the performance of your trades through the AscendEX trading interface.
Monitor price movements, adjust leverage and stop-loss levels as needed, and take appropriate action to manage risk and maximize potential profits.
Keep abreast of market news and events that may impact the underlying asset's price.

Step 7: Close Your Trades and Realize Profits

When your profit target is reached or your stop-loss level is triggered, close your trades to realize your profits or minimize losses.
Choose between the "Market" or "Limit" order types to exit your positions.
Withdraw your profits from the AscendEX trading platform to your personal cryptocurrency wallet.

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

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Fantasy Football Frenzy: Key Picks and Pointers for Premier League Round 24
2026-01-31 06:40:02
Coinbase and Crypto ISAC Forge Alliance, Setting New Standards for Security Intelligence in the Digital Asset World
2026-01-31 04:35:01
US Mint Honors Revolutionary War Hero Polly Cooper on 2026 Sacagawea Coin
2026-01-31 03:55:01
Bitcoin Hits $83K Amidst Risk-Off Selling Frenzy, ETFs See Major Outflows
2026-01-31 04:35:01
New 2026 Dollar Coin Shines a Light on Oneida Heroine Polly Cooper and America's First Allies
2026-01-31 04:15:01
Polly Cooper, Oneida Woman, Honored on 2026 U.S. $1 Coin for Revolutionary War Heroism
2026-01-31 04:25:01

Related knowledge

How to Develop a Crypto Exit Strategy to Secure Your Profits?

Jan 22,2026 at 10:19am

Understanding Market Cycles and Timing1. Cryptocurrency markets operate in distinct phases: accumulation, markup, distribution, and markdown. Recogniz...

How to Find and Invest in Promising DePIN Crypto Projects?

Jan 19,2026 at 06:19pm

Understanding DePIN Fundamentals1. DePIN stands for Decentralized Physical Infrastructure Networks, combining real-world hardware deployment with bloc...

How to Find Liquidity Pools with the Lowest Impermanent Loss Risk?

Jan 25,2026 at 05:59pm

Fundamental Characteristics of Low-Risk Liquidity Pools1. Stablecoin pairs dominate the lowest impermanent loss environments due to minimal price dive...

How to Analyze Market Sentiment Using the Crypto Fear & Greed Index?

Jan 24,2026 at 09:39am

Understanding the Crypto Fear & Greed Index1. The Crypto Fear & Greed Index is a composite metric that aggregates data from multiple sources including...

How to Hedge Your Crypto Portfolio Against a Market Crash?

Jan 19,2026 at 03:40pm

Risk Assessment and Portfolio Allocation1. Determine the total exposure to high-volatility assets such as memecoins or newly launched tokens without a...

How to Use Technical Analysis for Short-Term Bitcoin Trades?

Jan 25,2026 at 01:00pm

Understanding Candlestick Patterns1. Bullish engulfing formations often appear after a sustained downtrend and signal potential reversal points where ...