Open Market Orders
Last updated
Last updated
The first thing you need to do to start trading on Ethora is to connect your wallet.
Simply click on the Connect Wallet button on the Trade screen.
Ethora supports a wide range of cryptocurrency wallets which include: Metamask, Coinbase Wallet, Trust Wallet, WalletConnect, Taho, Rainbow, imToken, Ledger Live, Omni.
Check out the guide on how to activate 1 Click Trading account here.
To start trading on Ethora, you have to granting permission for the smart contract of Ethora.
Navigate to the top left corner of the interface and click on the "drop-down" menu to explore the various asset pairs available on Ethora.
To make it even more convenient, you can use the "star" â ticker on the list to mark your favorite trading pairs and add them to your 'Favorites.' The marked pair will be bookmarked on the Favorite tab so you can easily select it next time.
Once you've chosen your preferred trading pair, go ahead and select it to open an Up/Down position.
When it comes to selecting your desired timeframe, simply head over to the trading dashboard on the left-hand side.
You can either select the recommended timeframes or choose a timeframe that suits your preferences by entering your preferred timeframe.
Kindly note that the minimum available timeframe is 3 minutes, while the maximum available timeframe extends up to 4 hours.
Enter the trade size amount. Kindly note that the maximum trade size depends on the selected asset pair.
Up till now, Ethora only supports USDC.
When it comes to placing a market order, you might want to fine-tune your slippage tolerance to suit your preferences.
Slippage tolerance is the percentage of price fluctuations you're comfortable with before your trade is executed. By default, the slippage is set at 0.05%.
To adjust your slippage, follow these simple steps:
Click on the Gear icon located at the top right of the interface.
Navigate to "Trade settings" and select "Slippage tolerance."
Now, simply enter your desired slippage value. This allows you to customize your trade execution based on your specific needs. The minimum slippage percentage is 0.01% and the maximum slippage percentage is 5%
Once you've configured your trade parameters, ensure that you've chosen "Market" as your order type.
You can see the estimated payout and the profit you will make by winning the trade.
On the Trade page, you'll see two options: "Up" and "Down." Select the one that aligns with your market outlook:
Choosing "Down" means you make profit when the token's price falls and incur a loss if it rises.
Choosing "Up" means you make profit when the token's price rises and incur a loss if it falls.
Please note that sometime trades cannot be opened due to invalid slippage or insufficient liquidity to execute order.
