Margin Trading Tutorial-Long(APP)

Digital currency margin trading is a financial derivative that allows users to increase their investment exposure given a limited base principal to enjoy multiple returns.Users can participate in margin trading by borrowing from the platform to make long or short.

Different currencies have different leverage multiples. For example, BTC supports 3x margin trading,users can borrow up to (3-1) * own assets from the platform, which is twice the amount of their own assets.

For example, BTC / USDT, to buy long BTC, you need to borrow USDT from AOFEX and buy BTC, sell BTC at the right time and return USDT borrowed by the platform.

It must be noted that leveraging trading amplifies both the gains and risks. Be sure to pay attention to the estimated liquidation price and risk rate.When risk rate is close to 110%, a forced liquidation mechanism may be triggered.

Investment is risky and you must be cautious when investing.

The following are the specific steps:

Step1  Log in to the official AOFEX app and click on “Margin” to enter the trading section

 

Step2  Select the pairs you want to trade(For example,BTC/USDT),Please make sure that you have sufficient  balance in your account before a leveraged trading. If not, click "Borrow 4X" in the picture, and select "Transfer" in the pop-up page to transfer the token from trading account to margin account.

 

Step3 Borrow USDT from AOFEX.Click "Borrow 4X" in the picture,select "Borrow" in the pop-up page, select USDT and the amount you want to borrow in the new page, and click "Borrow".

 

Step4 Select buy BTC, enter the price and quantity to buy, click to "Buy BTC" and wait for transaction.

 

Step5 when BTC price is close to the expected price (stop loss or profit), set price and quantity to be sold, click ”Sell BTC“, and wait for transaction.

 

Step7  After transaction, you need to return the token.Click "Borrow 4X" button on the homepage and select "Repay" in the pop-up page.Select the amount of repayment and click "Confirm". If you choose to return all, the loan assets and interest will be returned at the same time; if you choose to partially return, the interest will be returned first .