Opening A Trade
This guide will walk you through the process of opening a new position/trade on Decentrex using the "Place Order" panel. Please note that each transaction requires confirmation in your connected wallet.
Opening a New Position/Trade
Connect your wallet: Ensure your wallet (e.g., MetaMask) is connected to Decentrex by clicking "Connect Wallet" at the top of the page.
Select the desired asset: Once connected, use the market dropdown selection to choose the asset you want to trade.
Navigate to the "Place Order" panel: Navigate to the "Place Order" panel, located on the lower-left side of the trading interface.
Choose between "Buy" and "Sell": Click on "Buy" to open a long position (speculating that the asset's price will rise) or "Sell" to open a short position (speculating that the asset's price will decline).
Enter the order amount: You can enter the order amount manually or by dragging the leverage slider. Adjust the size of your position based on the desired leverage.
Place the order: After setting the order amount and leverage, click the "Place Order" button. A notification will appear in your wallet, prompting you to confirm the transaction. Once confirmed, your order will be placed and executed by keeper bots.
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