Dear SUNX Users,
Hello!
To help users better understand SUNX trading products, contract trading rules, and commonly used features, SUNX has prepared this beginner's guide to improve the convenience and safety of trading operations.
This guide covers the platform overview, trading products, margin modes, order types, take-profit and stop-loss settings, copy trading, and position management, helping you become familiar with platform features and plan your trading strategies appropriately.
I. About SUNX
SUNX is a digital asset derivatives trading platform serving users worldwide. It is developed and operated by an international team with experience in blockchain technology, trading systems, risk control, settlement, and security management.
SUNX upholds the principles of compliance, professionalism, and user-friendly service, prioritizes users, and continuously improves its trading systems, product features, and services. We are committed to providing global users with a secure, stable, and convenient digital asset trading experience.
II. Trading Products
SUNX offers various digital asset derivatives trading products to meet different trading needs.
1. Perpetual Futures
Perpetual futures are contracts without a fixed expiration or settlement date. Users can open long or short positions based on market conditions and their own assessments.
Product Features:
- Supports two-way trading, allowing users to go long or short.
- Supports leverage adjustments from 1x to 200x.
- Supports switching margin denominations.
- Provides multiple order types and position management features.
The specific leverage range and trading settings are subject to the information displayed on the relevant trading pair page.
Users should select suitable products according to their trading needs and understand the execution mechanisms, fees, and risk rules before trading.
2. Futures Grid Trading
Futures grid trading is an automated trading strategy tool that executes trades within a predefined price range.
Users can configure:
- Upper price limit
- Lower price limit
- Number of grids
Once configured, the system automatically places orders according to the grid strategy, executing buy-low/sell-high or sell-high/buy-low transactions as market prices fluctuate.
Important Notes:
Futures grid trading supports USDT-margined contracts. Available trading pairs are subject to the strategy page.
Grid trading does not guarantee profits. Losses may occur when market prices move beyond the configured range or follow a sustained one-directional trend.
3. Bonus Futures
Bonus Futures is a SUNX trading feature that allows users to participate in designated trading activities using contract bonuses obtained by completing platform tasks, participating in eligible promotions, or claiming rewards distributed by the platform from time to time.
Bonuses may be used in designated trading scenarios in accordance with applicable rules. Eligible trading profits may be transferred to the futures wallet.
The scope of use, validity period, and profit transfer requirements are subject to the relevant task or promotional rules.
III. Margin Modes
SUNX futures trading supports Cross Margin and Isolated Margin modes. Users can choose a suitable mode based on their trading strategies and risk tolerance.
1. Cross Margin Mode
Under Cross Margin mode, available funds in the futures account serve as shared margin for positions. Unrealized profits and losses affect the account's overall available margin and risk level.
Main Rules:
- Available funds in the futures account may jointly support open positions.
- Losses from one position may affect other positions.
- Maximum losses may reach 100% of the funds in the futures account.
- Cross Margin mode has no default stop-loss. Users must set stop-loss orders manually.
- Forced liquidation will be triggered when the account risk ratio is equal to or below 10%.
Important Reminder:
Users cannot switch directly to Isolated Margin mode while Cross Margin positions or pending orders exist. Relevant positions and orders must first be handled.
2. Isolated Margin Mode
Under Isolated Margin mode, the margin and profit or loss of each order are calculated independently. The maximum loss of a single order is limited to the margin allocated to that order and does not affect the margin of other orders.
Main Rules:
- Margin and profit or loss are calculated independently for each order.
- The default stop-loss ratio in Isolated Margin mode is 90%.
- Forced liquidation is triggered when position losses reach 90% of the position margin, including trading fees and funding fees.
- The maximum loss upon forced liquidation is 100% of the margin allocated to that position.
Important Reminder:
Users cannot switch directly to Cross Margin mode while Isolated Margin positions or pending orders exist. Relevant positions and orders must first be handled.
IV. Order Types
SUNX provides three order types: Market Orders, Limit Orders, and Trigger Orders.
1. Market Orders
A market order is matched at currently available market prices and is suitable for users who wish to execute trades as quickly as possible.
The actual execution price may differ from the price displayed when the order is placed due to market liquidity, order size, and other factors.
2. Limit Orders
A limit order allows users to specify their desired order price. The system will execute the order only at the specified price or a better price.
Note: Reaching the specified limit price does not guarantee immediate execution. Actual execution depends on market liquidity and order queue priority.
3. Trigger Orders
A trigger order allows users to set a trigger price in advance. When the latest market price reaches the specified condition, the system automatically triggers the corresponding order.
Users must configure:
- Trigger Price: The price at which the order is triggered when reached by the latest market price.
- Order Type After Triggering: Users can select either a market order or a limit order.
Triggering an order does not mean that the order has been executed. Actual execution remains subject to margin requirements and the applicable order conditions.
V. Take-Profit and Stop-Loss Features
To help users manage position risks, SUNX supports setting take-profit and stop-loss orders based on price and position quantity.
1. Price-Based Settings
Users can set take-profit or stop-loss prices. When the latest market price reaches the predefined price, the system triggers the corresponding closing order.
2. Quantity-Based Settings
Users can flexibly configure take-profit and stop-loss orders based on their actual position size. These settings can apply to either part of a position or the entire position, accommodating different trading strategies and risk management needs.
Important Notes:
- Cross Margin mode has no default stop-loss. Users are advised to set one according to their trading needs.
- The default stop-loss ratio in Isolated Margin mode is 90%.
- After take-profit or stop-loss orders are triggered, actual execution prices may still be affected by market volatility and liquidity.
VI. Community Copy Trading
SUNX Community Copy Trading allows users to select traders and follow their trading activities according to individual copy trading settings.
Users can view trader information on the community page and choose one or multiple traders according to their needs.
Rules and Risk Warnings:
- Community Copy Trading supports Cross Margin mode for perpetual futures.
- Users may select traders based on their individual needs.
- A trader's historical performance does not indicate future returns.
- Copy trading also involves risks of losses and forced liquidation.
Users should fully understand the copy trading mechanism and potential risks before selecting traders.
VII. Task Center and Bonus Usage
The SUNX Task Center provides various tasks and promotional rewards. Users may claim corresponding contract bonuses after completing eligible tasks.
Task Categories:
- New User Tasks
- Growth Tasks
- Promotional Tasks
Bonuses can be used in designated trading scenarios, including Unlimited Mode.
Eligible trading profits may be transferred to the futures wallet. The specific scope of use, validity period, and transfer requirements are subject to the relevant task or promotional page.
VIII. Common Position Management Features
SUNX provides multiple position management tools to help users adjust their trading strategies as market conditions change.
Depending on the trading product and features available on the position page, users may access:
- Modify Take-Profit and Stop-Loss: Adjust take-profit and stop-loss settings according to market conditions.
- Partial Close: Close part of an existing position according to trading needs.
- Reverse Position: Close the current position and open a position in the opposite direction according to the applicable rules.
- Add to Position: Increase an existing position according to trading needs.
- One-Click Close: Execute position closing through a quick-action feature.
Operational Reminder:
Before adjusting positions, carefully verify position direction, trading quantity, margin, and estimated fees to avoid unnecessary losses caused by operational errors.
IX. Trading Risk Warning
Digital asset futures trading involves significant risks. Market prices may fluctuate sharply, and leverage can amplify both profits and losses.
SUNX reminds all users to:
- Fully understand product mechanisms, fee structures, and forced liquidation rules before trading.
- Allocate trading capital and choose leverage levels according to their risk tolerance.
- Manage position sizes appropriately and use high leverage cautiously.
- Set take-profit and stop-loss orders according to trading needs and continuously monitor account risks.
- Avoid impulsive trading and participate in digital asset derivatives trading responsibly.
Platform features, trading parameters, and specific rules are subject to the actual trading interface and the relevant product documentation.
SUNX will continue improving its trading products and services to provide users with a more convenient and stable trading environment.
Thank you for your continued trust and support!
SUNX Global Operations Team
Comments
0 comments
Article is closed for comments.