ONFA ForwardX
Learn about ONFA ForwardX
Last updated
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Learn about ONFA ForwardX
Last updated
Was this helpful?
Was this helpful?
ONFA ForwardX is a decentralized forward contract trading platform (Forward Trading) that enables investors to open positions Long (Buy) or Short (Sell) with cryptocurrency pairs at pre-agreed prices and maturities between parties.
Users can monitor and interact through an intuitive interface with the tabs Open Investment (manage open trades) and Portfolio (view contract portfolio). Trading is supported by technical analysis tools such as candlestick charts, MA, BOLL, VOL, along with risk management orders such as Take Profit and Stop Loss.
Since contract conditions are flexibly customizable (price, volume, duration), users should possess a basic understanding of market analysis and capital management strategies to effectively utilize the ForwardX platform and minimize risk.
Before starting to trade on ONFA ForwardX, it is important to understand how the platform operates and its features. The following guide will help you become acquainted:
1. Learn about the platform:
Study the interface and functions thoroughly.
Familiarize yourself with order placement, market monitoring, and account management.
The initial interface may feel unfamiliar but will become easier with experience.
2. Risk awareness:
Futures trading offers high returns but carries significant risk.
Understand the risks clearly and prepare management measures.
Set stop-loss orders and position limits.
3. Analytical research:
Learn basic analytical techniques.
Master fundamental trading knowledge of the platform.
This helps make more accurate decisions.
1. Main tabs:
Open Investment: Primary trading interface.
Portfolio: Displays open and closed orders.
2. Action button:
Buy (Long): Predicts price increase.
Sell (Short): Predicts price decrease.
3. Trading Panel:
Select the pair you wish to trade.
Select the token used for trading.
Adjust the leverage ratio via slider.
4. Price chart:
Displays the candlestick chart of the pair.
Switch between different timeframes.
Enable/disable common indicators: MA, BOLL, VOL
