Opening Position
if the asset price rise is your expectation, you might want to buy it with the intention tois applied sell it at a higher price later on. In this case, the trading strategy will be to open a long position.
Conversely, a downtrend forecast might encourage one to sell a borrowed asset, and then, when the forecast proves to be accurate, buy it at a lower price.
To make a qualified decision as to which position to take, here are the trading dynamics for you to take into account:
To open a position:
- 1.Depending on your overall strategy, select Long or Short below the diagram:
2. When opening a position:
- Enter the amount of kUSD
- Optionally, use the leverage
- Note the following values change depending on the kUSD amount and leverage values:
- the amount of the underlying asset.
- the value in the Amount field. A commission of 2% of the initial value is applied to the quote currency.
- the percentage of the Price impact value. Price impact reflects the shift in the proportion between the assets in the pool produced by the trade you are currently performing.
- Slippage tolerance. The source for this change is the total number of other trades active as you create yours in real-time. Each trade contributes to the asset price change; therefore, depending on how intense the ongoing trading is, the price you expect to have and one to be eventually paid can differ.
Last modified 5mo ago