🛡️ Secure Trading: Spot and Types of Orders You Must Know
To trade successfully, you don't need to take excessive risks. In my strategy, we prioritize security, which is why we mainly operate in SPOT. Here there are no liquidations: you own your assets and have total control over time. ⏳
📋 Basic Concepts: What to use and when?
There are two main ways to enter the market, and we will use each one according to the need of the moment:
1️⃣ MARKET Order: It executes instantly at the current price. Use it only if the price is escaping and you need to enter RIGHT NOW!
2️⃣ LIMIT Order: You decide the exact price. It is the basis of our strategy to buy low and sell high.
🛠️ How to Generate a LIMIT Order (Step by Step):
If you want to set your sales ready like mine, do this in your App:
Step 1: Go to the Trade tab and make sure you are in Spot.
Step 2: Select the pair (e.g. ETH/USDT).
Step 3: Change the option to "Limit" (right below the Buy/Sell button).
Step 4: Price: Write the exact value where you want it to execute (e.g. $2,050).
Step 5: Amount: Slide the bar to choose what percentage of your capital to use.
Step 6: Press the button (Buy or Sell) and Done! It will appear in "Open Orders" waiting for its moment.
💡 Pro Tip: Using Limit orders takes the stress off. You don’t have to be glued to the phone; let the system work for you while you take care of your day.
💬 Do you have any technical questions about how to place your first order?
Don't hesitate to ask here below. My goal is for everyone in this community to go from just viewing charts to trading with confidence. 👇
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