Trading basics

How to place an order

Placing orders on Markets is straightforward. This guide walks through the complete order placement process from selection to execution.

1. Select your market

• Use left sidebar to browse available markets
• Search by ticker symbol or name
• Click on desired market to load trading interface
• Verify you're on correct pair (check top of chart)

2. Choose order type

In the order entry panel (right side), select order type:

• Market - Execute immediately at current price
• Limit - Specify your price, wait for market to reach it
• Stop - Trigger order when price hits specified level

3. Select direction

• Long (Buy) - Profit when price goes up
• Short (Sell) - Profit when price goes down

4. Set position size

Enter the amount you want to trade:

• In USDH - Specify dollar amount (e.g., $1,000)
• In units - Specify quantity (e.g., 0.1 US500)
• Leverage adjusted - Platform shows actual exposure

Position sizing example: $1,000 USDH with 10× leverage means you can manage a position of up to $10,000

5. Set leverage

Adjust leverage slider from 1× to 50×.

⚠️ Leverage warning: Higher leverage amplifies both gains AND losses.

6. Set price (for limit orders)

If using limit order:

• Enter desired entry price
• Must be below current price for longs
• Must be above current price for shorts
• Platform shows % from current market price

7. Review order details

Before submitting, verify:

• Correct market/pair
• Correct direction (long/short)
• Position size as intended
• Leverage setting appropriate
• Price (for limit orders) makes sense
• Sufficient balance for margin requirement

8. Submit order

• Click "Buy/Long" or "Sell/Short" button
• Review confirmation modal showing:
• Entry price (market or limit)
• Position size and leverage
• Margin required
• Estimated liquidation price
• Fees
• Wait for confirmation (near-instant)

9. Monitor order

After submission:

• Market orders - Execute immediately, position appears in "Positions" tab
• Limit orders - Appear in "Open orders" tab until filled
• Partial fills - May execute in chunks as liquidity available

Modifying open orders

To edit a pending limit order:

1. Go to "Open orders" tab (bottom panel)
2. Click on order to edit
3. Modify price or size
4. Click "Update order"
5. Confirm in wallet

Or use quick actions:

• Cancel - Remove order completely
• Replace - Cancel and create new order simultaneously