Steps to Trading Perpetual - Substance Exchange
Substance Exchange
1. Transfer fund to your Exchange Wallet to get started
Click the wallet button on the top right-hand corner for quick access to your wallet, or use the transfer button under the Amount box.
2. Click on Perpetual to start trading
3. Click on the arrow to select trading pairs
For example, select WETH to start trading
4. The information box shows the details for this trading pair
5. Click on Leverage to select your leverage. Leverage enables you to open a position worth much more than the money you pay
6. You can drag on the slider or simply key in a number
7. Select your order types. Perpetual trading offers two types of orders: market and limit. For example, click on "Market"
Market orders will execute as soon as possible at the current market price; limit orders set a specific price at which you are willing to complete the transaction.
8. Market orders will be executed at the current market price. When placing a limit order, users will need to key in a specific price here
9. Key in the size of the position that you would like to open
10. You may also open a position by deciding how much collateral you are willing to pay
Or use the slider to pay a certain percentage of your available balance
11. Review your transaction details such as liquidation price and estimated OI fee per day
12. Select "Long" or "Short" to open a position.
A long position will make money if the underlying asset rises in value, and a short position will profit if the underlying asset falls in value
13. For example, click on LONG to open a long position
14. Purchased postions will be marked on the chart
15. After opening a position, it will be displayed under the "Position" tab
You may check the detailed information of your position here
16. "Margin" shows the amount of collateral for this position
Click on the “+” to manage your collateral amount
17. Click on Deposit/Withdraw to add or deduct collateral for your position
18. Key in an amount
19. Click on Confirm Edit to finish the edit
20. Click on TP/SL to set stop loss/take profit levels
A stop-loss level is the predetermined price of an asset, set below the current price, at which the position gets closed in order to limit an investor’s loss on this position, and a take-profit level is a preset price at which traders close a profitable position.
21. Toggle the Take Profit and/or Stop Loss box to enable each condition
22. Input a specific trigger price for each condition or set a percentage
23. Input a specific amount or set a percentage of position that will be closed when the condition is met
24. Click on Confirm Edit to finish
25. Linked order shows the TP/SL orders linked to your current position
26. Click on the share button next to PnL% to share your profit and loss
27. Click on Close Position to close a position
28. Choose "Market Close" to close at the market price or "Limit Close" to close at the price you set. Then key in an amount
29. Key in an amount of positions you would like to close
Click on "Max" to close the full position
30. Click on Confirm to finish closing a position
31. Click on Close All to close all positions at market price
32. Unfilled orders and stop orders will be displayed under the "Orders" tab
33. Position History displays past position information
