Futures Market Trading
1. Go to the Futures tab.
All available contracts are visible in the Contracts widget.
2. Create Long (Buy) or Short (Sell) order in the Buy / Sell widget in the Futures tab:
Select the following data:
Amount – the desired currency amount to sell or buy.
Price – the price for the trade (if you're about to place a limit order).
%% indicator – allows setting the position volume as a percentage of Buying Power.
Total – the desired currency amount to receive or spend in the trade.
The following data is calculated by the system:
Position – the desired currency amount to sell or buy (from the Amount field).
Buying power – the currency amount available for spending.
In orders – the currency amount reserved for the current orders.
Best bid/ask – the best price for this side in the Market Depth.
Liq. Price – liquidation price. When the currency pair price on the market reaches this value, the contract will be automatically liquidated (see the Liquidation article).
If the futures contract price will be lower than Liq. Price, the part of the margin collateral will be used to cover losses.
When trading perpetual futures, the order types are the same as those of spot markets. The following links can help you learn more about market orders, limit orders, and scaled orders.
3. The newly created contract will be visible in the Positions, Orders and Trades widget.
You can change the contract Leverage after its creation by clicking the Margin button in the position line.
The contract has the following fields:
Contracts – the main data (currency pair, leverage, Long/Short).
Position Size – the contract size in a currency that you wish to buy or sell.
Entry price – the relevant currency pair volume-weighted average price in the futures market at the time of the contract's creation.
Price – liquidation price. When the currency pair price on the market reaches this value, the contract will be automatically liquidated (see the Liquidation article). If the futures contract price turns out to be lower than the Liq. Price, the part of the margin collateral will be used to cover the losses.
Risk – an index that shows how close the position is to liquidation. The greater the selected leverage, the less price movement would need to happen in an unfavorable direction for the liquidation to occur.
Unr. PnL (Unrealized Profit and Loss) – a profit or loss that you will incur if the contract will be closed by the current mark price. You may click the Close button to close it immediately.
PnL (Profit and Loss) – a real profit or loss by this contract when the contract was partially executed.
PnL = (Trade Price – Entry Price) * Quantity.
ADL (Auto-Deleveraging) – a feature that covers the losses of some traders by the profits of others.
When a significant price movement occurs, some traders may not have enough margin collateral to cover their losses. This is when the ADL mechanism starts.
The indicator (from 0 to 4) shows how likely it is that the position will be used in the ADL procedure. So, if all indicator cells are active near the contract position, and there is a market situation when the liquidation loss cannot be covered, this contract will be automatically used to cover the losses of the opposite side.
Margin – margin collateral for this position.