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Opening Position

If the asset price rise is your expectation, you might want to buy it with the intention to sell it at a higher price later on. In this case the trading strategy will be to open a long position.

Conversely, a downtrend forecast might encourage one to sell a borrowed asset, and then, when the forecast proves to be accurate, buy it at a lower price.

To make a qualified decision as to which position to take, here is the trading dynamics for you to take into account:

Trends dynamics

To open a position:

  1. Depending on your overall strategy, select Long or Short below the diagram:

    Selecting a position

  2. When opening a position:

    • enter the amount of USDN

    • optionally, use the leverage

    • note the following values changing depending on the USND amount and leverage values:

      • the amount of the underlying asset.

      • there's a commission of 1% of the initial value you can cut down by the percentage of your fee reducer, if you have any:

      Before:After
      beforeNFTafterNFT

      • the percentage on the Price impact value. Price impact reflects the shift in the proportion between the assets in the pool produced by the trade you are currently performing.

      • Slippage tolerance. The source for this change is the whole amount of other trades being active as you create yours in real time. Each trade contributes to the asset price change, and therefore, depending on how intence the ongoing trading is, the price you expect to have and one to be eventually paid can differ.