Trade
① TP(Take Profit)/SL(Stop Loss)
TP/SL means Take Profit and Stop Loss. When you check TP/SL at the trading sidebar, a field for entering TP/SL price is activated. Take Profit requires a more favorable price than the order price, and Stop Loss requires entering a more unfavorable price than the order price. e.g. When you place a buy (long) order at 21,200, you must enter a price higher than 21,200 for Take Profit and a price lower than 21,200 for Stop Loss.
② Reduce Only
The reduce only order is a function to prevent the user's position from increasing beyond the entered position. That is, only position reduction is allowed. If you want to increase the size from an existing position, you must uncheck the function.
For example, you currently have a buy(long) position of 21,390, a Take Profit order price 22,000 and a Stop Loss price of 20,500.
Reduce Only On: If the price drops to 20,500, a loss will incur, and the existing Take Profit order (22,000) will be automatically canceled to prevent unintentional entry.
Reduce Only Off: If the price drops to 20,500, a loss will incur, and if the price rises back to 22,000, existing Take Profit(22,000) order will be executed unintentionally.
GTC: This option is triggered when the ordered position can be fully executed. If you place an order with the GTC option, your order will remain on hold until the conditions of the quantity and price entered by the user are met.
IOC: The quantity that can be executed immediately after the order is executed, and the remaining quantity that has not been executed will be cancelled. e.g. If the current price of BTCUSDT is 24,000 and the quantity available for order is 5 at 24,000, when you place an order for 10 at 24,000, 5 will be executed and 5 will be automatically canceled.
FOK: If the price and position at which the order is received can be executed immediately, all orders will be executed, otherwise all will be cancelled. e.g. If the current price of BTCUSDT is 24,000 and the quantity available for order is 5 at 24,000, when you place an order for 10 at 24,000, 5 will be executed and 5 will be automatically canceled.
③-1 Single·Multi Asset Mode setting
Click the 'Multi-Asset' located below the order button in the trading side bar.
Single Asset Mode: A mode that supports futures trading using only a single USDⓈ-M asset.
Multi-Assets Mode: This is a mode that expands the type of USDⓈ-M futures margin, allowing users to trade various futures contracts using that asset as collateral.
③-2 Position Mode
One-way mode: This mode allows the entered contract to hold a position in only one direction. e.g. If you enter a buy(long) position, you cannot hold a sell(short) position at the same time.
Hedging Mode: This is a mode that allows you to hold an opposite position at the same time without liquidating the entered contract position. e.g. If you place an order for a sell(short) position while entering the buy(long) position, the buy(long) position is maintained and a sell(short) position is entered.
This mode only applies to USDⓈ-M futures.
③-3 Confirm Order
You can choose whether to activate the order confirmation pop-up for each order type.
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