Steps to Trading Perpetual - Substance Exchange

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Substance Exchange

33 Steps

Go to https://test.substancex.io/perpetual

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.

Click on Perpetual to start trading

Click on the arrow to select trading pairs

For example, select WETH to start trading

The information box shows the details for this trading pair

Click on Leverage to select your leverage. Leverage enables you to open a position worth much more than the money you pay

You can drag on the slider or simply key in a number

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.

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

Key in the size of the position that you would like to open

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

Review your transaction details such as liquidation price and estimated OI fee per day

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

For example, click on LONG to open a long position

Purchased postions will be marked on the chart

After opening a position, it will be displayed under the "Position" tab

You may check the detailed information of your position here

"Margin" shows the amount of collateral for this position

Click on the “+” to manage your collateral amount

Click on Deposit/Withdraw to add or deduct collateral for your position

Key in an amount

Click on Confirm Edit to finish the edit

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.