BookX Documentation
  • Introduction
    • Welcome to BookX
    • Quickstart
  • GUIDES
    • Getting Started
    • Deposit/Withdraw
    • Order Management
    • APIs
  • Trading Basics
    • Glossary
    • Order Types
    • Fees
    • Affiliates
  • Additional Information
    • FAQs
    • Official Links
    • Security
    • Brand Kit
    • TradingView Integration
Powered by GitBook
On this page
  • Open a trade
  • Close a trade
  • Set TP/SL for a trade
  1. GUIDES

Order Management

PreviousDeposit/WithdrawNextAPIs

Last updated 9 months ago

Open a trade

Step 1: Choose the asset pair that you want to trade

Step 2: Select Buy or Sell, depending on either you want to Long or Short the asset

Step 4: Adjust the leverage. Please be aware that leverage can boost your profits, but it also increases risk. Manage it wisely to protect your investments.

Step 5: Enter the amount to determine the order size

Close a trade

To realize PnL and close an order, simply navigate to the Positions Tab at the bottom left, then hit on the Close button. You can also close the order right from the price chart.

Closed orders will be recorded in the Order History tab.

Set TP/SL for a trade

To determine TP/SL price, you can do it before or after placing the trade. For opened positions, hit on the TP/SL button at the outer right and fill in the desired numbers.

Step 3: Choose the order type that you want to place. You should read about the and before placing large orders.

Step 6: Carefully revise the order details and open the trade

🥁
Order Types
Trading Fees
Hit on the Close button to close the trade
Or hit on the X sign to close it