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How to trade NAO Futures on Nami Exchange website
18/10/2024

In order to provide users with a more flexible and comprehensive trading experience, Nami Exchange is proud to launch the NAO Futures on Nami Exchange website. With NAO Futures, users will easily access advanced trading features, quick and friendly operations, while enjoying stability and high efficiency in all transactions.

Below is a detailed guide on how to use NAO Futures on the website.

1. Accessing NAO Futures on the Nami Exchange website

To trade NAO Futures on the Nami Exchange website, users can follow these steps:

  • Log in to your Nami Exchange account.
  • On the menu, select the "NAO Project" section, then select NAO Futures.
  • Users can quickly track NAO statistics such as Volume, Trades, Fee,... by scrolling down to the bottom of the NAO Futures website.

Note: The Master of Copy Trade product can also choose to quickly switch between Normal trading and Copy Trade on the NAO Futures website.


2. Opening a Position

Step 1: Choose a Position side (Buy or Sell) and the leverage

User will select a Buy (Long) or Sell (Short) based on your predictions and expectations regarding market trends. Then, enter the leverage or drag the slider to adjust the desired leverage.

Note:

  • NAO Futures supports leverage of up to 125x, depending on the trading pair.
  • NAO Futures currently only offers Isolated Margin, allows users to allocate a specific margin level for each position. This mode helps users reduce the risk of liquidation for their positions and limits the impact on other positions.

Step 2: Choose the Order Type

In NAO Futures, users can choose from the following order types:

  • Limit: order to buy or sell at a specified price or better than the current market price. The order will only be filled when the market price reaches or exceeds the set limit price.
  • Market: order to buy or sell that is executed immediately at the available market price. A buy order will be filled at the lowest ask price and a sell order will be filled at the highest ask price on the order book.
  • Stop Market: order will be activated and converted into a market order when the market reaches the Trigger price..

Step 3: Fill information for Futures position

The user enters the information corresponding to the selected order type. For example, with a Market order, user enters the open volume of the position or dragging the slider below to select the volume according to the margin ratio on the total balance.

Users can also quickly open a Market order by entering the volume or dragging the desired opening volume slider with the previously set leverage on the quick position opening bar on the NAO Futures price chart.

Note: Market positions that open quickly will not include Take Profit/Stop Loss prices. Users can add such information to the position in the position information section.


Step 4 (Optional): Enter Take Profit/Stop Loss prices (TP/SL)

Users select the Take profit/Stop loss box, then enter the desired Take Profit and Stop Loss prices or select the "+" icon to adjust the price more conveniently by dragging the slider according to the estimated Profit/Loss compared to the margin.

Notice:

  • Users can check the "Suggested SL-TP" box for the system to suggest SL and TP prices, fluctuating within a profit ratio of (+/-) 50%-60% of the position's margin. The suggested SL will be available for positions with leverage from x11, and the suggested TP will be available for positions with leverage from x21 and above.
  • Nami recommends users always set SL for all trading positions to avoid liquidation of positions.
  • In NAO Futures, all orders with set SL or TP will be closed at the setting price.

Step 5: Confirm the Order

Click “Buy” or “Sell” depending on your needs to send a request to open an order. The system will display the information the user has previously set about the position. The user selects to confirm to open the NAO Futures position.


3. Adjusting the Position

Users can freely modify the parameters of an activated position, including Adjusting SL-TP, Add Volume, or Adjust Margin.

Adjusting Take Profit/Stop Loss (TP/SL)

Select the pen icon in the Stop Loss / Take Profit information column to adjust the new SL-TP prices for the position, then click "Confirm".


Add Volume

To increase the volume of your position, follow these steps:

  • Select the "pen" icon in the position volume information section to open the Add volume interface.
  • Enter the amount of volume you'd like to add, or use the slider below to adjust the volume based on a percentage of the current margin.

You can also set a pending Add Volume order at a specific price by clicking "Customized."

Note: Adding volume creates new orders that merge into the active position. This action may impact key position metrics, including volume, margin, leverage, open price, and liquidation price,...


Adjust Margin

At NAO Futures, users can adjust their margin by selecting Add/Remove Margin.

For example, if the user wants to add margin:

  • Select the "+" icon in the Margin information section to open the "Margin" interface for the position.
  • In the Add margin interface, enter the amount you want to add to the position and click "Confirm".

Note: Adding margin does not create new orders to the active position, it only changes the liquidation price and does not impact other factors like volume, leverage, or opening price...


4. Closing the Position

Similar to the app, users can close NAO Futures positions on the website in two ways:

Automatically

The position will automatically close in the following cases:

  • The asset price hits the SL or TP price.
  • The asset price reaches or exceeds the liquidation price when the negative profit of the position exceeds the margin balance.

Manually

Users can actively choose to close all or partially the activated position volume:

  • Close Entire Position: Click "Close" to submit a request to close the entire position at the market price, then select "Confirm".

  • Close a Part of the Position Volume:  Slide "Close Partially" button to choose to partially close the position, user can also choose to place a Partially Closing pending order at desired price by clicking "Customized", then enter the desired closing volume and desired closing price, and click "Confirm".

5. Tracking Position History

Users can check the details of adjustments and changes in position parameters by clicking on each activated position in the Position screen or clicking on each closed position in the Order History.


Further information:


Best Regards,

Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Nami. All trading strategies are used at your discretion and your own risk. Nami will not be liable to you for any loss that might arise from your use of Futures.


About Nami Exchange

Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of nearly 1000 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese & English.
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Website: https://nami.exchange/

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