Training on the crypto exchange FTX

Cryptocurrency assets platform FTX offers a wide range of ways to make money on cryptocurrencies, including spot and derivatives trading, margin trading, and advanced trading. Any of the types of trading crypto-assets requires prior training. On the website ftx.com There is no section on educational materials or free courses, but there is a wide range of materials that tell you how to trade on this particular exchange. To read them, you need to click on the “Help” tab in the top navigation bar crypto exchanges.

Select “Support Center” from the drop-down menu. The page opens only in English, switch to another language in the bottom left corner of the page. This section contains thematic articles mostly about how to organize work on the crypto-platform from the very beginning: deposit, withdrawal, commissions, referral programs, announcements. The educational sections of the Support Center include Trading and FTX Derivatives.

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In the “Trading” section there are sub-sections: an overview of the trading functionality of the crypto-exchange, information about spot trading, о futures tradingabout types of orders, stock indexes, and conversion options. There are articles in each of the subsections. It is necessary to pay attention to the “Guide to Spot Margin Trading”, which is placed in the subsection “Spot Margin Trading”. This is quite detailed material that tells how to trade with leverage on the exchange, in general, and with examples.

For traders who plan to trade futures, the “Futures” subsection provides quite a bit of detailed information, virtually from the very basics in the “Futures: Questions and Answers” list to specific PnL calculations. The “Order Types” subsection tells you that you can place a limit stop loss order, a market stop loss order, a sliding stop loss order, a take profit order, a limit take profit order, the original “Decrease Only” order type and how to place them, with examples.

Cryptocurrency derivatives are covered in a special subsection on FTX Derivatives, which provides quite detailed guides to trading MOVE contracts, leveraged tokens, BVOL tokens, tokenized stocks, volatility products, and options. The foundation of the platform’s ecosystem is the token FTTThe “FTT Token” subsection discusses in detail what it is, what it’s for, how it can be used to make money on the exchange, and also shows the terms of FTT stacking.

On the same page “Help Center” there is a section “Categories”, which also presents training and explanatory materials on specific issues of work at the exchange. There is information about NFT-tokens, Quant Zone, trading events, competitions, work through the API, guidance on OTC – OTC quotes, depositing and withdrawal of funds; guidance on working with the exchange payment system “FTX Pay” and so on. Under the “Categories” there are several video tutorials, a selection of articles recommended by the platform, under them the latest information updates.

The advantage of the articles section of the platform is that they are constantly and quite often updated and can be subscribed to. In the “Help Center” section, articles can be searched through the search bar. If no information can be found, you can create a personal request by clicking on “Create a support ticket”. For more information about the platform, you can contact your social networks. The trading platform is represented on Twitter, Instagram, there is also an active Telegram channel and a large channel on Youtube. But if the user does not know English well, these sources of knowledge are useless. If he does, you can start with the YouTube channel, the FTX US User Guides video, or ask a question on Telegram.

Specific instructions

From the “Help” tab, you navigate to instructions for specific actions on the site. “Depositing & Wintdrawing Fiat” is the transition to the “Depositing & Withdrawing Fiat Currency” page, which features videos and text about which fiat currencies, in what amount, when and how you can deposit and withdraw, and with what fees. The “How to buy and sell crypto” page is not about how to buy and sell crypto assets, it’s a section about currency conversions in your wallet on the FTX platform.

And the “Makers vs Takers fees” page, indeed, talks about commissions for makers and takers, on futures, swaps, as well as FTT token holder and staker fees and other fees. On the right side of each instruction is a list of articles and other relevant material, a jump to similar articles and recommended articles. The exchange has a lot of well-structured information on functionality, peculiarities of trading and transactions. Still, it is more of a professional platform, so it is advisable to come to trade with a basic knowledge of the cryptocurrency market and trading.