USDT Perpetual Trade – MetaxPro

We will introduce the selection of currency pairs, leverage settings, and other various functions

The Three Main Features of “Futures Trade (USDT Perpetual)

We have created an environment that is easy for all users to trade, and we plan to continue improving and enhancing the features.

1. Currency Pair Settings

By clicking the name of the currency pair at the top left of the screen (e.g., BTCUSDT Perpetual in the screenshot below), you can choose from a variety of currency pairs. You can also see the price and 24-hour change for each pair. Once you select a pair, the chart (TradingView) in the center will automatically change accordingly

2. Chart (TradingView) and Entry/Position Details

By integrating the globally popular TradingView service into MetaxPro, we have provided a more user-friendly environment for trading. Below is a simplified explanation of the specialized terms shown at the bottom of the chart

--Positions---

Contract: Detail of you trade
Open: The value of 1 USD to USDT in the market
Unrealized PnL (ROE): Shows the percentage profit or loss compared to your current profit plus margin
Average Price: The price when you entered the trade
Mark Price: The real-time value of the selected currency pair
Est. Liq. Price: The estimated liquidation price (stop-out line). If the price reaches this value, your position will be automatically liquidated.
Margin Ratio: Shows the margin maintenance ratio, representing the ratio of net assets to the margin required to maintain the current position
Position TP/SL: Displays the take-profit (TP) and stop-loss (SL) positions, which you can set before entering a trade. TP is the price at which you take profit, and SL is the price at which you stop your loss

Operations

Close All: Close all your current positions.
Close: Close the specific position (selected trade).
Add Margin: Add margin to your position.
Reverse: Place a reverse order.

3. Detailed Trading Conditions and Actual Entry

Limit Orders

１

Please select either "ISOLATED" or "CROSS" margin mode from the red box.

ISOLATED: The margin used for a position is isolated from the user's account balance. In this mode, the maximum amount a user can lose due to liquidation is limited to the position margin set for that open position, allowing users to manage risk accordingly.
CROSS: To prevent liquidation, all available balances of the corresponding trading pair's coin type in the user's account are used. If the assets of the trading pair fall below the margin, the position will be liquidated. In case of liquidation, the user will lose all assets of that specific trading pair.

２

Choose your preferred order type: "LIMIT," "MARKET," or "TRIGGER." If you want to place a limit order, select "LIMIT."

limit: A limit order is executed only when the market price reaches or exceeds your specified price. This allows you to buy at a lower price or sell at a higher price than the current market price.
market: A market order is executed immediately at the best available market price.
trigger: A trigger order is activated when the market price hits your specified trigger price. Once activated, it becomes either a market order or a limit order based on your settings.

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Leverage, in the financial world, is a technique that allows you to magnify your potential returns by borrowing funds. The amount of leverage you use is determined by your margin. MetaxPro offers leverage options ranging from 5x to 100x, which you can choose based on your margin

By setting a specific entry price, you can execute your trade at your desired market condition. This trend-following approach mitigates the risk associated with market orders

You have the flexibility to set the initial margin requirement from your available assets. Be aware that a higher initial margin results in increased leverage and, consequently, a higher risk profile. You can either manually input the desired margin or use the blue slider below

You can set a take-profit order (TP) to automatically close your position when the market reaches a specific price. This price can be customized based on the margin you've set. Additionally, you can manually input the price. A stop-loss order (SL) works similarly, but it automatically closes your position when the market reaches a predetermined price to limit potential losses. Both your stop-loss and take-profit levels should be adjusted based on the timeframe of the candlestick chart you've analyzed.

Please verify the accuracy of the details from 1 to 6 before proceeding to execute the trade by clicking the red box.

↓

When the limit order, as displayed in the "OPEN ORDER" section beneath TRADINGVIEW, is triggered at the predetermined price, the order will be filled and transferred to the "POSITIONS" tab, signifying an open position

Market orders

The methods and procedures are basically the same as those for Lighting Futures

Choose your order type: LIMIT, MARKET, or TRIGGER.

For MARKET orders, select "MARKET".

LIMIT: This order type is executed only when the market price reaches your specified price (or better). It is primarily used to buy at a lower price or sell at a higher price than the current market price.
MARKET: This order type is executed immediately at the best available market price
TRIGGER: This order type sets a specific trigger price. Once the market price reaches the trigger price, a market order (to buy or sell at the best available price) is triggered

You set and decide here how much to margin from your own assets. The higher the margin requirement, the higher the risk.

*In addition to entering the margin amount yourself, you can also set it using the blue bar below

Please verify the information provided in sections ① and ② before executing the trade by clicking the red box. Detailed guidelines for configuring take-profit and stop-loss orders are outlined in the "LIMIT procedure" section

Trigger

Choose your order type: LIMIT, MARKET, or TRIGGER.

For MARKET orders, select "Trigger".

LIMIT: This order type is executed only when the market price reaches your specified price (or better). It is primarily used to buy at a lower price or sell at a higher price than the current market price.
MARKET: This order type is executed immediately at the best available market price
TRIGGER: This order type sets a specific trigger price. Once the market price reaches the trigger price, a market order (to buy or sell at the best available price) is triggered

Let's establish the trigger price for this order.

For long positions, the trigger price should be set above the prevailing market price.
For short positions, the trigger price should be set below the prevailing market price.

Select your desired order type: LIMIT or MARKET. For MARKET orders, please select the "MARKET" option.

LIMIT order: A limit order is executed only when the market price reaches or betters your specified price. It is primarily used to buy low or sell high.
MARKET order: A market order is executed immediately at the best available market price.

４

Please specify the margin amount to be used from your account balance. It's important to note that a larger margin increases your exposure to market fluctuations. You may also utilize the blue slider below to set your preferred margin level

Please verify the information provided in sections ① through ④ before executing the trade by clicking the red box. Detailed guidelines for configuring take-profit and stop-loss orders are outlined in the "LIMIT procedure" section

For all users from MetaxPro

I think that trading cryptocurrency for the first time is nerve-wracking. However, by understanding the market, managing your funds, and stabilizing your mental state, you can build up your assets. The big difference between "Lighting Futures" and "USDT Perpetual" is that USDT Perpetual has three order methods: "limit", "trigger", and "market", and users can take long or short positions on assets with "no expiration date" and hold positions indefinitely. Users can conduct safe, fast, and cost-effective permanent swap transactions. If you are a beginner or can't get the hang of it, we recommend that you try "Demo Trading" ⇒ "Lighting Futures" ⇒ "USDT Perpetual" in that order! Please ensure that you conduct your own due diligence and have a complete understanding of the risks involved before making any investment decisions

Please ensure that you conduct your own due diligence and have a complete understanding of the risks involved before making any investment decisions10

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