Making Your First Trade

Congratulations, your account is funded and you’re ready to trade.

Let’s go through our trading interface components one by one.

  1. Price Information: This section displays the current price of the selected trading pair, in this case, PUPS/USDT. You can also toggle between different assets to track their live prices.

  2. Order Placement: Here, users can execute trades by placing limit or market orders. You can specify the amount of tokens to buy or sell or choose to trade a percentage of your wallet balance by adjusting the slider.

  3. Order Book: The order book shows the current buy and sell orders for the selected trading pair. The green and red blocks represent the stacked buy/sell orders at different price levels, providing insight into market depth.

  4. Price Chart: This section contains a detailed price chart for the selected asset, including historical price movements and volume. Users can analyze trends and use various indicators to inform their trading strategies.

To place a trade, select the amount you wish to buy or sell as well and click to confirm. Please note that you will have to confirm the trade in your connected wallet as well.

https://x.com/BefiLabs/status/1834594768707350832

Trading fees on BeFi Terminal are set at 0.1%.

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