What is an Open Position?

An open position refers to the trading behavior where users start trading. In crypto futures trading, an open position can exist following a buy, a long position, a sell, or a short position. 

A long position (a buy): Buy cryptocurrencies as the market is expected to rise and sell to take profit when the market reaches the expected level, which is similar to “buy low and sell high” in the spot market. 

A short position (a sell): Sell cryptocurrencies as the market is expected to fall, and buy to take profit when the market breaks down to the expected level, which are the opposite actions to “a long position”, i.e., borrow the crypto in advance to sell, repurchase them at a lower price when the market falls, and repay the borrowed money and take a profit on the difference between the cost of buying and selling.

 

How to operate:

1.     A long position

Select the order type and margin mode, set the leverage, enter the token price and buying amount, and click “Buy”.

2.     A short position

Select the order type and margin mode, set the leverage, enter the token price and buying amount, and click “Sell”.

3.     Positions

Click “Positions” to view entry price, mark price, est. liquid. Price, margin ratio, PnL and more. 

Please note: The above example is for PC clients. Please click the following link to learn more about AscendEX’s futures trading. 

How to Start Futures Trading on AscendEX【PC】

How to Start Futures Trading on AscendEX【APP】 

Notes:

The use of leverage in futures trading increases the risk of investment while helping users multiply their returns. A highly volatile market may lead to the forced liquidation of an account’s assets. Be sure to pay close attention to the market fluctuations for risk control.