The Trade tab is where all trading actions are performed by a trader. This section consists of the Order placement module, Charts, Order book and the Order/Position management modules.
The Trading terminal consists of the following sections:
- Order Placement module (outlined in yellow)
- Chart, Order Book and Last Trades (outlined in purple)
- Orders and Positions management module (green)
Let’s review each separate module.
The order placement module located on the left-hand side of the trade interface is used to place orders and reflects your balance info:
5Order placement module.png
- 1.Balance - total amount of funds in your Wallet
- 2.Available balance - funds that can currently be used to open new trades, pay fees and cover any losses. (i.e available balance = total balance - margin cost of open positions)
- 3.‘Switch’ button - switch between different collateral currencies that are in your wallet
- 4.Order types - Limit, Market, Stop Market
- 5.Order size USD - full size of your order (in USD) taking into account selected leverage
- 6.Margin slider - can be used to automatically calculate the % of your available balance to be used in a trade
- 7.Order Size - full size of your order in the selected collateral currency
- 8.Leverage - used to select the leverage for new orders
- 9.Buy/Sell - place a long (buy) order or a short (sell) order
- 10.Margin cost - the amount of personal funds which are required and reserved in order to open a position
Located at the bottom part of the Trade terminal is the Orders and Positions management module:
16Deals management module.png
Here traders can manage active orders and open positions. This module is highly customizable and allows traders to add/remove desired info columns, filter orders and positions by date as well as view orders and positions history.
The Chart, Order book and Last Trades module are the most crucial tools when trading as they provide traders with direct information about the current market movements, market depth and price trends of an asset:
Chart, Orderbook, Last Trades.png
Margex charts are plotted based on the last price an asset was traded at.
Margex aggregates liquidity from a pool of liquidity providers (12 currently) and by arbitraging between them, we are able to provide the best possible price, which reflects the pricings across exchanges (liquidity providers) from which liquidity is aggregated.
When trading, we recommend following Margex charts if referring to an asset's price.
- The Order Book reflects the current Buy (ask) and Sell (bid) Limit orders of market participants as well as details regarding market depth. The Order Book acts as an additional instrument that helps traders monitor market activity and provides valuable information for traders when reviewing the current market trends:
- Last Trades reflects the last performed trades on the market in real time. This provides additional valuable information for traders when making trading decisions:
We utilize the charting engine provided by TradingView for our chart solution. It offers advanced charting tools and creates an environment where market enthusiasts can engage, analyze data, and prepare for trading activities involving BTCUSD and various other assets.