📈How to trade Perpetual?
Last updated
Last updated
If you are bullish on the market, you should buy/long.
If you are bearish on the market, you should sell/short.
In the [Trade] page, you can choose to place a [Market Order] or a [Limit Order].
We take the [Market Order] as an example here.
A Market Order will be executed at the current market price as soon as possible after the user places the order.
📖What is a Limit Order, and how to place it?You can manually input the amount you want to trade or pull the slider for your preferred ratio. Then click [Buy / Long] to place your order.
Meanwhile, you can see some important information about the [Market Order].
Those information will change depending on the USDC amount of orders you place, the current market price, and the amount of margin left in your account after placing an order.
[Buy/Sell Amount]: Total amount of tokens buy/sell at the market price.
[Buy/Sell Cost]: Total price of tokens buy/sell at the market price, calculated in USDC.
[Liq. Price of Buy/Sell]: Settlement price of the buy/sell order.
[Leverage change of Buy/Sell]: Leverage change for the buy/sell order.
[Buy/Sell fee Maker/Taker]: Maker/taker fees for the buy/sell order.
After you place an order and the order has been settled, your position will appear in the lower-left corner of the trading page.
Once the order is placed, the JOJO system will display the [Order successfully] prompt in the upper-right corner.
When the price rises, a long position will generate profits, with a positive PnL. You can choose to continue holding the position to seek greater profits or click [Close] to lock in your profits.
📖What is PnL and How to Calculate It?If you choose to continue holding your current position, a safer approach is to set a TP/SL (Take-profit/Stop-loss) order.
📖How to Place a TP/SL Order ?
