A long position is established by buying an asset with the expectation that its value will rise, and the trader can then sell the asset at a higher price to realize a profit.
A short position is established by borrowing an asset, selling it, and then buying it back at a lower price to return the borrowed asset and realize a profit.
A type of order that is executed immediately at the current market price. A market order does not specify a specific price, but instead is executed at the best available price in the market at the time the order is placed.
A type of order that allows a trader to set a specific price at which they would like to buy or sell an asset. For long positions, limit price must be set below the market price, for short positions, limit price must be set above the market price
A type of order that is used to automatically sell or buy an asset when it reaches a specific price level. For long positions, stop price must be above the market price, for short positions, limit price must be set below the market price
The use of borrowed capital to increase the potential return of an investment. It allows users to increase their exposure to the market and trade larger positions than would be possible with their own funds alone.
TP or Take Profit order is a type of advanced order that allows a trader to set a specific price at which their open position will automatically be closed for a profit.
SL or Stop Loss order is a type of advanced order that allows a trader to set a specific price at which their open position will automatically be closed to limit losses.
The amount of an asset that a trader holds in a single trade. A trader can adjust their position size to manage their risk exposure, and to align their trade with their overall investment strategy.
The fee charged for holding a leveraged long position overnight.
The price at which the trade is executed and the position is established.
The price at which a trader's leveraged position will be automatically closed by the platform in order to prevent further losses. This mechanism is put in place to protect the platform and its users from excessive losses in the event that the price of an asset moves in an unfavorable direction.
The profit or loss on an open position that has not yet been closed.
Keepers monitor asset prices to execute limit, stop limit, take profit, stop loss, and liquidation orders.