📈Trading

FRX is a decentralized futures trading platform that allows trading without the need for a username or password. The platform uses a composite price feed from multiple exchanges, reducing the risk of unwarranted liquidations due to price spikes or dips.

Firstly you need to connect wallet to our platform. You can go to the part: Connecting Your Wallet (Check this link: Connecting Wallet)

Futures Trading

FRX offers a versatile trading experience with support for futures trading, catering to a variety of trading preferences and strategies. Here’s a more detailed look at how these features work:

Futures Trading on FRX:

For those interested in futures trading, FRX offers a comprehensive and sophisticated trading environment.

Futures trading on FRX involves contracts that allow traders to speculate on the future price of an asset without actually holding the asset.

This feature caters to both short and long-term trading strategies, offering high leverage options for those who seek them.

Users can access the futures trading options through dedicated sections on the platform, each equipped with necessary tools and information such as leverage options and margin requirements.

User Experience and Tools:

The futures trading interfaces are designed with clarity and ease of use in mind, providing essential information such as market trends, order books, and trade history.

Advanced trading tools and charting features are also available to help users analyze market movements and make more informed trading decisions. You can use classic Trading View instruments to reach you trading potential and make better trades.

Opening a Position

On the Trade page of FRX, you have the flexibility to engage in either 'Long' or 'Short' positions, tailored to your specific trading strategy:

Selecting Your Trading Position:

• Choose between a 'Long' position if you anticipate an increase in the asset's price, or a 'Short' position if you expect the price to decrease.

• Simply click on the relevant option on the Trade page to get started.

Setting Up Your Trade:

• Once you've selected your position type, enter the amount you wish to trade.

• Decide on the leverage you want to apply to your position. FRX offers various leverage options, allowing you to amplify your trade according to your risk appetite and strategy.

Understanding the Entry Price:

• The platform displays an 'Entry Price' for each position. This is the price at which your trade would be opened if you choose to do a market order.

• The Entry Price is crucial for understanding the potential of your trade and understanding where stop loss or take profit should be.

Transparent Fee Structure:

• FRX maintains a straightforward fee policy for trading. A trading fee of 0.25% is applied to the size of your position, both when you open and close it.

• In addition to the trading fee, a 'Borrow Fee' is incurred on an hourly basis. This fee is calculated based on the current utilization of the pool and is a standard part of leveraged trading.

By offering a clear and user-friendly interface for both long and short trading, along with transparent fee structures, FRX ensures that traders of all levels can confidently engage with the market, execute their strategies, and manage their positions with ease.

Managing Positions

View and manage open trades under the Positions list. Edit to deposit or withdraw collateral, adjusting your leverage and liquidation price. The USD value of your collateral is fixed at the time of deposit.

Closing a Position

Close positions fully or partially via the "Close" button. Profits from long positions are paid in the traded asset, while short position profits are in the stablecoin used to open the position. Swap fees apply if you choose to receive profits in a different token.

Stop-Loss / Take-Profit Orders

Set these orders under the "Trigger" tab when closing a position. Be aware that trigger orders are not guaranteed to execute due to various market conditions.

Liquidations

Understand the liquidation price, especially if using high leverage. Deposit additional collateral to improve this price and reduce liquidation risk. In case of liquidation, any remaining collateral after losses and fees is returned to your account.

Pricing and Fees

FRX offers no price impact for trades, ensuring large trades are executed at the market price. Fees include a 0.25% trading fee and an execution fee for blockchain network costs. For stablecoin pricing, especially during depeg events, a spread from 1 USD to the Chainlink price applies.