Opening a Position
Last updated
Last updated
Choose your the asset from the available options in the asset selector dropdown menu. Once picked you will land on the assets Futures Trading page and can start the process of opening a trade.
Deciding on Trade Direction
Short Position: Opt for a short position if you anticipate the asset's price will decline over your trade's duration. This position benefits from a decrease in market prices.
Long Position: Choose a long position if you expect the asset's price to increase. This position benefits from a rise in market prices.
Order Types
Stop Order: This order type is used to minimize losses or to enter a position automatically when the market reaches a specified price. It can be set to trigger a sale to close a position at a loss (stop-loss) or to enter a position once the price crosses a particular threshold.
Limit Order: Limit orders allow you to set a predefined price for entering or exiting a trade. It's ideal for taking profits at a specific price point or entering a trade at a more favorable price than the current market rate.
Market Order: Executes immediately at the current market price. This order type is used when the timing of the trade execution is prioritized over the execution price.
For more information on order types see Conditional Orders
Determine the trade size:
You can manually enter the amount or use a the leverage slider or leverage input buttons.
Once entered you can see the trade details & cost breakdown from futures contract.
When satisfied simple hit "Open Position" and follow your wallets on screen execution prompts.
Regularly check your open positions, account margin, and account health to avoid liquidation.
