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Perpetual Contract Guide | Gate.io AMA
24 August 10:53
Author: Gate.io Jane
Pinned meesage"❗️❗️ Do not panic! You’re not banned, you are just muted temporarily for Gate.io Perpetual Contract AMA event.
The AMA Flow:
Session 1: Group will be muted to have several questions with our Guest including introduction.
Session 2: Group will be opened for community to ask their questions for 5 minutes. Speaker will select 10 questions to answer.
Session 3: 3 Lucky users with best questions will get $5 bonus of each.
Note: Please ensure you fill the linked form, https://www.gate.io/en/questionnaire/724
1. About how to set up order Q&A
Q: What is Limit order, Market order and Conditional order?
A:
1.Limit order, basically it is the price that be assumed by customer's own observation. The order will be triggered once the price reach Limit order.
2.Market order, this will be automatically generated by the system according to the past history market price, but the user will have to afford certain loss if price fluctuates too much. The order will be triggered once the price reach Market order.
3.Conditional Order, this function is more detailed and user can set it up according to their own analysis. The order will be triggered when the price touch Trigger price. Users also can set up the Long or Short price by Limit or Market.
Q: What is the difference between Marked price and Last price?
A:
1.Marked price, used to calculate the liquidation price and unrealized profit&loss.
2.Last price, the newest price of the market
Q: What are the options under the order set up?
A:
1.Close on trigger, if tick this option, the order will be closed once the price touch Trigger price.
2.Iceberg, if tick this option, the order will be Buy or Sell according to the ratio be set up manually, every trade is decreased progressively until reach the Buy or Sell price.
3.Reduce-only, if tick this option, the order will be Buy or Sell automatically according to the ratio generated by the system, every trade is decreased progressively until reach the Buy or Sell price.
Q: How to operate the orders?
A:
1.Limit order, when the user is very sure about the market, he can set up the price he would like to trigger the deal. The advantage is he can lock up the price and to get the best he wants to earn.
2.Market order, when there's the acute change and the users may not sure about the market trend, Market order may be the better option. The loss from the price fluctuation will be afforded by the users. The advantage of this order is to cut in the market at the risky moment but still keep the position for the future.
3.Conditional Order, when the users are the expert to foresee the market, he can set up the conditions and wait for the trigger moment. This function's more suitable to the users not willing to miss the market, especially during the sleeping time.
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