Create a long or short position
Last updated
Last updated
After you've already deposited tokens as collateral, Now you're ready to create a long or short position, 1X to 5X leverage, in FWX.
On the right-hand side of the interface, You'll find a box that let you create a position. We'll walk through each part of this box to help you understand some of the keywords before creating your first position
Creating a long position means buying an asset and wishing to sell it later at a higher price, While short means selling and wishing to buy it later at a lower price.
Learn more about the long and short positions here
Leverage can multiply your buying or selling power, It refers to using borrowed capital to make trades. It is a way to increase your potential profits but also comes with higher risk.
Learn more about leverage, Its benefit, and risks here
The contract size is the size of the position you're going to create, which is multiplied by the leverage you selected. Also, the maximum size of the contract size you could provide will be affected by the leverage multiplier too.
After you provide the contract size, FWX will calculate the collateral amount required for creating a position and a change in the margin of the position of this trade pair.
This is where you could also adjust the slippage. It indicates the percentage difference between the expected price and the price when the order is executed that you could accept.
Due to the price volatility of crypto-assets, Their price could change in a blink of an eye. That's why a slippage comes in. Learn more about slippage here
After you have walked through every step above, you are ready to create your first position. Click on the "Create Long (or Short) Position" button and you'll now finally see your first position
Please note that all of the images are not captured from the real product. Some of the numbers, and calculations may look unrealistic.
