How-To-Trade in Galess Mode
Last updated
Last updated
Deposit: Check out the deposit tutorial to learn how to deposit supported stablecoins and top up your balance.
1. Select a Trading Pair – Choose the cryptocurrency pair you want to trade, such as BTC/USDT, ETH/USDT, or other supported perpetual markets.
2. Decide on Long or Short
Long (Buy): If you expect the price to rise.
Short (Sell): If you anticipate a price drop.
3. Choose Order Type
Market Order: Executes instantly at the best available price.
Limit Order: Allows you to set a specific price at which your order will execute.
4. Set Your Leverage & Trade Size – Adjust your leverage up to 1001x to control a larger position with less capital. Enter the trade size in USDT.
5. Risk Management – Configure TP & SL
Take Profit (TP) – Set a target price to automatically secure profits.
Stop Loss (SL) – Define a safety threshold to limit potential losses.
SL < 90% & TP < 500%
Once everything is set, review your trade
Monitor Active Trades – View all open positions in the Positions tab, tracking entry price, leverage, margin, and PNL in real time.
Adjust TP/SL Anytime – Modify your Take Profit (TP) and Stop Loss (SL) to manage risk dynamically (SL < 90%, TP < 500%).
Close Positions – Click "Close" on an active trade, confirm, and sign the transaction in your wallet to secure profits or cut losses.
Review Order & Trade Details
Find all executed, pending, and canceled orders in the Orders tab.
View the complete trading history, including margin, trade size, realized PNL, and funding fees in the History tab.