1. Preparation Before Trading
Step 1: Log in to AOFEX official app, click the bottom navigation bar [trading] to enter the trading interface, and click the top [Swap] to enter the perpetual swap trading page.
Step 2: Read carefully and tick AOFEX perpetual swap agreement to open the trading function of perpetual swap.
Step 3: AOFEX perpetual swap is USDT cross swap, which needs to be traded and settled in USDT. Please confirm that you have USDT in your contract account before trading.
Step 4: if there is no USDT in your contract account, please click the [transfer] button and select to transfer from the [trading account] to the perpetual swap trading pair account. Select the token to be transferred, enter the quantity to be transferred, and finally click transfer. At present, AOFEX only supports the transfer between trading account and perpetual swap account.
Step 5: After the transfer is completed, you can see the total equity of the account at the top left of the page, and then you can conduct the perpetual swap trading.
2、 Open a Position
Step 1: Select the type of contract you want to trade according to your needs. AOFEX currently provides BTC, ETH and EOS contracts for users to trade.
Step 2: AOFEX perpetual swap currently supports 100 times of margin. Please select the appropriate leverage ratio as required. At present, BTC and ETH contracts provide 100 times, 50 times, 20 times, 10 times and 5 times of margin; EOS contracts support 50 times, 20 times, 10 times and 5 times margin. It is worth noting that the higher the margin ratio, the higher the available funds and the greater the risk. Please consider your own risk tolerance.
Step 3: After the margin multiple is selected, the positions can be opened in the form of limit order, plan order and market price order. AOFEX perpetual swap supports two-way positions, which means you can choose open long when the market is strong and open short when the market is weak. It should be noted that opening orders will take up margin and closing orders will take up the amount of closing positions.
General order: General order is also limit order, which specifies the highest price that users are willing to buy or the lowest price they are willing to sell. Users can set the limit order, and then wait for the trading.
Example: the latest transaction price of BTC / USDT perpetual swap is 10,000 USDT. If you want to buy at a cheaper 9,000 USDT, you need to set a limit price of 9,000 USDT. When the price drops to less than or equal to 9,000USDT, the transaction will be automatically completed; on the contrary, if the market price is set at 10,000USDT, and 11,100USDT is set to buy at a limited price, then according to the "buy with lower price" principle, the system will immediately trade at the market price of 10,000USDT, because 10,000USDT is more "beneficial" to users than 11,000USDT.
Market price order: the trading will be conducted immediately at the best price in the current market.
Plan order: set the limit / market order and its trigger price in advance. When the latest transaction price in the market reaches the preset trigger price, the limit / market order set by the user will enter the trading system and wait for transaction.
Note: stop profit/loss orders may not be triggered successfully, but may fail due to price limit, position limit, insufficient margin, non trading status of the contract, system problems or other reasons. The limit order triggered successfully and the general limit order may not complete the transaction. The non completed limit order can be viewed in the current order.
3、Profit and Loss Settlement
Step 1: After completing an order successfully, the order can be saw in the [position] interface, and the unsettled part can be viewed in the [Order] interface (the order can be canceled before the matching trading is successful). If you want to view the details of previous orders, you can click history to find them.
Step 2: To close the position, please switch to the position interface, click [close long] for long contracts and [close short] for short contracts. Please select [limit order] and [plan order] to close the position according to the situation. After confirmation, click [close long] or [close short].
Step 3: the completed opening and closing operations can be viewed in the history, which is convient to calculate the profit and loss. Click the location in the figure to view the [calculator], [risk reserve fund],[funding history] and other information.
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