# Order Management

## Open a trade

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

<figure><img src="https://822912093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fzh90Beju7a67WGEAjLHY%2Fuploads%2FdiOOzo3w8KIu83IarVMu%2Fimage.png?alt=media&#x26;token=0dd8ccd8-7d99-4330-b37d-da24c331392c" alt="" width="375"><figcaption></figcaption></figure>

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

<figure><img src="https://822912093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fzh90Beju7a67WGEAjLHY%2Fuploads%2Fy3uuUDkcSfhmlvd9Pu3N%2Fimage.png?alt=media&#x26;token=06154f6b-4a5d-4c84-b555-d5ee21907e88" alt="" width="303"><figcaption></figcaption></figure>

**Step 3:** Choose the order type that you want to place. You should read about the [Order Types](../trading-basics/order-types) and [Trading Fees ](../trading-basics/fees)before placing large orders.&#x20;

<figure><img src="https://822912093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fzh90Beju7a67WGEAjLHY%2Fuploads%2FgyySPuRz1WD7TgP8rhtl%2Fimage.png?alt=media&#x26;token=233d2ec2-6284-476a-9cca-00012136ebca" alt="" width="276"><figcaption></figcaption></figure>

<figure><img src="https://822912093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fzh90Beju7a67WGEAjLHY%2Fuploads%2F2myHw10kcZ3pZ7upIhlp%2Fimage.png?alt=media&#x26;token=df050146-c250-4273-a330-4380106084bd" alt="" width="300"><figcaption></figcaption></figure>

**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.

<figure><img src="https://822912093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fzh90Beju7a67WGEAjLHY%2Fuploads%2FNYUa1pfLAQ1xznkTRdI3%2Fimage.png?alt=media&#x26;token=ca9c1ab3-ae83-4e4c-88e5-1344d6f56650" alt="" width="375"><figcaption></figcaption></figure>

**Step 5:** Enter the amount to determine the order size

<figure><img src="https://822912093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fzh90Beju7a67WGEAjLHY%2Fuploads%2FNbjxP3xD1CWTUz26UHaC%2Fimage.png?alt=media&#x26;token=4cf0f82a-4e84-48e7-866c-e7179505944e" alt="" width="305"><figcaption></figcaption></figure>

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

<figure><img src="https://822912093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fzh90Beju7a67WGEAjLHY%2Fuploads%2Fx0qdnysX8JYffGSiEJSC%2Fimage.png?alt=media&#x26;token=82f29c37-b58a-43f9-941e-c2c1304c88c9" alt="" width="304"><figcaption></figcaption></figure>

## 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.&#x20;

<figure><img src="https://822912093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fzh90Beju7a67WGEAjLHY%2Fuploads%2FjeuJokdWJPZ2r8yPqmaA%2Fimage.png?alt=media&#x26;token=e20081f9-0aa2-4aa3-9acc-026d0c82f4c6" alt=""><figcaption><p>Hit on the <strong>Close</strong> button to close the trade</p></figcaption></figure>

<figure><img src="https://822912093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fzh90Beju7a67WGEAjLHY%2Fuploads%2F92JPDkd9chR1qaMewXW8%2Fimage.png?alt=media&#x26;token=e0c0e107-98a1-4d72-9721-57f7a3ccf8c1" alt=""><figcaption><p>Or hit on the X sign to close it</p></figcaption></figure>

Closed orders will be recorded in the **Order History** tab.

<figure><img src="https://822912093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fzh90Beju7a67WGEAjLHY%2Fuploads%2Fa2oHtfV7qaB2gLxTraHG%2Fimage.png?alt=media&#x26;token=05cfdcb9-bd69-41b6-bb54-fac1fd3c6813" alt=""><figcaption></figcaption></figure>

## 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.&#x20;

<figure><img src="https://822912093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fzh90Beju7a67WGEAjLHY%2Fuploads%2Ff0VIqtPpQVt54QdcGFVN%2Fimage.png?alt=media&#x26;token=20a6cd97-3833-4f3d-9eea-27c1106a210b" alt="" width="375"><figcaption></figcaption></figure>
