Trade Menu Guide
On Trade menu, you can easily;
- Check the current price, Order Book and Trading History of the cryptocurrency you want to trade.
- Analyze price and depth charts by analysis toolsü
- Create Limit, Market or Stop Orders
With Commission Refund Campaign, you can get a refund of up to 50%of the transaction fees you paid for your trades on PRO boards.
You can create below order types on Trade menu:
1. Limit Order
Limit Order is the type of order you place by specifying the
amount and price you want to trade. Your order will not be executed until the
price of your order reaches the current market price. There is no guarantee of
execution of the orders you place in the limit order type. The fields you need
to fill in the limit order type are as follows.
- Limit Price: It refers to the price information at which the cryptocurrency is wanted to be bought or sold when placing an order.
- Amount: Indicates the amount of cryptocurrency you want to trade.
- Total: It refers to the total transaction amount calculated
according to the limit price and amount you have determined.
2. Market Order
A market order is a type of order that is given by simply
specifying the order amount. The best buy or sell price in the order book is
determined as the price at which your order will be executed. If there is not
enough depth to cover your buy order at the best price, the rest of your order
will be executed at the next best price. Market order allows you to trade
quickly without wasting time with small price fluctuations. The fields you need
to fill in the market order type are as follows.
- Amount: Indicates the number of cryptocurrencies you want to
trade.
- Total (approximate): It refers to the total transaction
amount calculated approximately according to the amount you have determined and
the current price of the cryptocurrency.
3. Stop Order
A stop order is a type of order that allows conditional orders to be entered, which are generally used to make less loss or protect profits.
A stop order is a type of order that allows conditional orders to be entered, which are generally used to make less loss or protect profits.
- Trigger Price: The condition of the order is fulfilled when
the market price reaches the trigger price level. If the order is given as a
Stop Limit Order, with the limit price; If a Stop is placed as a Market Order,
it is entered in the Order Book according to the current market price.
- Limit Price: In the Stop Limit Order option, if the market
price reaches the Limit Price after the order is triggered, the order is
executed. If the market price does not reach the Limit Price, the order will
not be executed.
- Amount: Indicates the number of cryptocurrencies you want to
trade.
- Total: It refers to the total cost calculated according to
the limit price and amount you have set in the Stop Limit Order. In the Stop
Market Order, the Total field is not included as the market price at the time
of the transaction cannot be known.
For all three order types, it is sufficient to fill one of
the Quantity or Total fields. The unfilled area will be calculated
automatically and will appear on the screen.
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