📃How to create a trading order

The Traiex platform offers two markets for trading cryptocurrencies: spot and futures. In this chapter, you will find detailed instructions to help you open your first trade and master the basic functionality for trading on the crypto exchange.

Spot Market Trading

Spot trading is the actual trading of crypto assets at market price. You buy or sell a certain amount of coins that are stored (or will be stored) on your spot balance.

1. To start trading, click on the "Trade" menu and go to the "Spot" section.

2. Click on the button with the coin on the left side of the screen to open the menu with available assets.

3. Select the desired cryptocurrency pair to start trading.

• You can add an asset to your “Favorites” by clicking on the star icon.

4. In the right-hand menu, select “Buy” or “Sell” cryptocurrency.

5. Select the order type in the “Limit”, “Market”, and “Advanced” tabs.

• Learn the functionality of each of them to create the most personalized orders possible.

6. Configure trading parameters such as order type, limit price, stop price, number of coins, order execution time, etc.

7. Click the “Buy Order” button (or “Sell Order”) to place an order on the spot market.

8. Wait for the order execution and funds to be credited to your spot wallet.

• If the order execution time you set has expired and the order has not been executed, it will be automatically canceled, and the frozen funds will be returned to your balance.

Information about your open orders on the spot market is available in the bottom menu.

Futures Market Trading

Futures trading allows you to trade contracts on the future price of assets rather than the assets themselves. They enable you to profit from both rising and falling markets.

1. To start trading, click on the “Trade” menu and go to the “Futures” section.

2. Click on the button with the coin on the left side of the screen to open the menu with available assets.

3. Select the desired cryptocurrency to start trading.

• You can add an asset to your “Favorites” by clicking on the star icon.

4. Select your preferred margin mode for the selected asset.

Cross (Cross Margin Mode). All positions in this mode share the same balance of margin assets. In case of liquidation, your margin assets and open positions may be forfeited.

Isolated (Isolated Margin Mode). You can manage your risk on individual positions by restricting the amount of margin allocated to each. If the margin ratio of a position reaches 100%, the position will be liquidated. Margin can be added to or removed from positions using this mode. (Only USDT is eligible as the margin asset.)

5. Select the desired leverage.

Ensure that you have sufficient assets in your futures balance. You can transfer assets from your Spot Wallet to your Futures Wallet in the “Wallets” menu.

6. Select the order type in the “Limit”, “Market”, and “Advanced” tabs.

• Learn the functionality of each of them to create the most personalized orders possible.

7. Configure trading parameters such as limit price, number of coins, stop loss, etc.

8. Click on the “Buy / Long” or “Sell / Short” button to place an order.

A long position is a bid on price growth. You open a trade expecting the asset to rise in price and earn on the difference between the purchase and sale.

A short position is a bid on a price decline. You open a trade when you believe that the asset will fall in price and earn by buying it back later at a lower price.

9. Wait for the execution of the order.

Discover the world of crypto trading with Traiex, where you can navigate various markets and implement your trading strategies.