Users can now switch between two tailored experiences on dYdX’s iOS app: a ‘default mode’, a simple and intuitive interface for new traders, and a ‘pro mode’ for advanced traders. The simplified interface makes perpetual trading more approachable for those who are new to digital assets and derivatives trading.
Meanwhile, ‘pro mode’ remains available for professional traders, delivering the same advanced tools and features as the dYdX web platform, but optimized for mobile users to support high-performance trading on the go.
What are the risks associated with trading contracts with simplified UI?
You are trading leveraged perpetual contracts, which are complex and come with a high risk of losing money rapidly due to leverage. The majority of retail users lose money trading on leverage, you should make sure you understand leveraged perpetuals and can afford the risk of potentially losing 100% of your deposit.
Leveraged perpetuals are a double edged sword because both your losses and gains are amplified. See below, if you use buying power to trade, a 5% movement in the price of the underlying can result in a significant gain or loss in your deposit.
What is “buying power” ?
This is the maximum position size your deposit allows you to take in a given market, determined by the maximum leverage available for that market. It does not reflect the amount you can deposit or withdraw. Your buying power can fluctuate rapidly and may remain positive even when incurring losses.
Review the below tables to learn more about using leverage to increase your buyer power from 1x to 10x.
Case 1: No Buying Power used
Amount deposited | Position Traded | Implied Leverage | Price Change | New Position Size | Deposit after price change |
$100 | $100
(no buying power used) | 1x | +5% | $105 | $105 (+5%) |
|
|
| -5% | $95 | $95 (-5%) |
Case 2: $900 of Buying Power used
Amount deposited | Position Traded | Implied Leverage | Price Change | New Position Size | Deposit after price change |
$100 | $1000
($900 of buying power used) | 10x | +5% | $1050 | $150 (+50%) |
|
|
| -5% | $950 | $50 (-50%) |
What is the percentage next to ‘Low Risk’ on the trade interface?
This is the percentage of your deposit held as margin by your open positions. This can change rapidly when the market price changes.
When do I see ‘Medium Risk’ or High Risk’ ?
When the % of your deposit held as margin for your open positions is equal to or greater than 20% you will see Medium Risk and when the % of your deposits held as margin for open positions is greater than 40% you will see High Risk.
Where can I find the liquidation price in the UI?
As soon as you open a new position, a panel below the price chart will display key details, including position size, PnL, average entry price, and liquidation price. You can always revisit this screen by navigating to your portfolio page and selecting any of your open positions.
How can I reduce my risk level or increase my buying power?
To reduce your risk level or increasing your buying power, you can:
Close your open positions,
Reduce the size of your open positions, or
Add more collateral to your account.
All of these actions can help lower your risk from ‘Medium’ or ‘High’ to ‘Low’ and increase your buying power. However, keep in mind that perpetual contracts carry a high level of risk, and losses can accumulate quickly.
If I am close to being liquidated, will I get notice to add more margin?
No, you will not get any prior notice or alert. You have to actively monitor your positions. You will be automatically liquidated when the account value falls below the maintenance margin requirement. Learn more here.
How to close my position?
Navigate to your portfolio page, where you'll find your open positions. Select the position you want to close, then click "Close Position." Choose the percentage of the position you wish to close—by default, it is set to 100%, meaning the entire position will be closed.
Where can I learn more?
To learn more, visit:
Disclaimer and Terms
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