Placing and Managing Trades

Bitavon DEX offers a user-friendly interface for placing and managing trades, empowering users to engage in decentralized trading with ease. This guide walks you through the process of placing trades, managing your orders, and optimizing your trading experience on Bitavon DEX.

Step 1: Accessing the Trading Interface

  1. Login to Bitavon DEX: Access the platform using your preferred wallet, such as MetaMask or WalletConnect.

  2. Navigate to the Trading Interface: Once logged in, select the trading pair you wish to trade from the available options.

Step 2: Placing a Trade

  1. Choose Order Type: Select the type of order you want to place (e.g., market order, limit order).

  2. Specify Order Details:

    • For Market Orders: Enter the amount of the asset you wish to buy or sell.

    • For Limit Orders: Specify the price at which you want to buy or sell the asset.

  3. Review and Confirm: Double-check your order details and confirm the trade.

Step 3: Managing Your Orders

  1. View Open Orders: Monitor your active orders on the trading interface.

  2. Cancel Orders: If needed, cancel open orders that you no longer wish to execute.

  3. Track Order Status: Keep track of order execution status, including filled, partially filled, or canceled orders.

Step 4: Advanced Trading Features

  1. Stop-Limit Orders: Set stop and limit prices to trigger conditional orders automatically.

  2. Take-Profit Orders: Specify target prices to automatically execute sell orders when asset prices reach predetermined levels.

  3. Trailing Stop Orders: Utilize dynamic stop prices that adjust based on the asset's price movement to lock in profits and minimize losses.

Step 5: Risk Management

  1. Set Stop-Loss Orders: Protect your investments by setting stop-loss orders to limit potential losses.

  2. Diversify Your Portfolio: Spread your investments across multiple assets to mitigate risk.

  3. Monitor Market Trends: Stay informed about market trends and news that may impact your trading decisions.

Placing and managing trades on Bitavon DEX is straightforward and intuitive, with a range of advanced features to suit traders of all levels. By following this guide, you can execute trades efficiently, manage your portfolio effectively, and optimize your trading strategies to achieve your financial goals.

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