If you want to register directly on the exchange Ox.fun you can from here.
In today's article I will show you how to trade meme coins with leverage from 5x to 50x for both long and short.
Leverage offers the opportunity for higher returns, but requires careful risk management, because not knowing what you're doing can lead to significant losses, especially in highly volatile assets like meme coins.
The exchange we will deal with today is called OX.FUN.
Table of Contents
How to Register on the OX.FUN Exchange
To register on the exchange you must log in from official link of the ox.fun exchange and connect with a wallet (I did it with phantom) and it will show you the image with our referral code " KURM4aEK "and you will press Accept.
Immediately after we will have to make our first deposit and you will choose SOL and in the deposit network you will put Solana. and that was you will send the solana you want to the wallet address that will write to you and within 1 minute the money will be in your account.
How to trade with leverage
To do future trading you will go to class Trade and you will choose one of the hundreds of meme coins that the platform has.
Long Trading example
- Choice of meme coin: Select the token you want to buy and trade LONG, that is, you will win if the price of the token you selected rises.
- Leverage: The leverage you can find in tokens is from 5% up to 50x, For example if you have $100 and put 5x leverage, your position will be at $500 if you have $100 and you bet 4x you will have a position of $400.
- Market: If you want to go long with the ¨ optionmarket¨ the trade will be opened at the price which is the meme coin.
- limit order: The limit order helps us open a trade at a better price automatically.
- Quantity: You will choose the money you want to invest along with the leverage (For example I have made a deposit of $60 and with the x5 leverage that I put the position that will open will be at $298)
- TP/SL: At this point you should put whether you want take profit or stop loss (Attention, it is always good to risk 3% of our entire account for each trade we take, if for example we have a $1000 account in each trade in our stop loss we should lose max $30 )
and that was you will press the Buy button and the trade will be activated and the trade will show us in the positions KAMA/USD Perp the tokens we bought, the value along with the leverage and finally the PnL how much in profit we are the in loss.
Now if we want to call the trade you will press Close The estate provides stunning sea views and offers a unique blend of luxury living and development potential 100%.
Short trading example
- Choice of meme coin: Choose the token you want to invest and do short trading, i.e. you will win if the price of the chosen token falls.
- Leverage: The leverage you can put on the token is from 5% to 50x,
- Market: If you want to short with the ¨ optionmarket¨ the trade will be opened at the price that is at that moment.
- limit order: The limit order helps us open a trade at a better price automatically.
- Quantity: You will choose the money you want to invest along with the leverage (For example I have made a deposit of $60 and with the x5 leverage that I put the position that will open will be at $298)
- TP/SL: At this point you should put whether you want take profit or stop loss (Attention, it is always good to risk 3% of our entire account for each trade we take, if for example we have a $1000 account in each trade in our stop loss we should lose max $30 )
And that was you will press sell/short and if the token you chose loses value you will win.
Referral Program
The ox fun platform also has a referral program where you can invite people to trade and people will earn discounts on fees (-50% maker & -28% taker) and you will get 30% from trading fees
LIABILITY DISCLAIMER:
Cryptocurrency trading is VERY risky. Make sure you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your money.
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