Derivatives trading currently supports Limit Orders, Market Orders, and Advanced Orders Types (such as Stop Loss and Take Profit Orders). Reduce Only orders may be introduced in the future.
1. You can create a position by creating a Limit Order or Market Order.
Input the Price that you want to trade at if you want to create a Limit Order. The minimum price or tick size is 0.5 USD. Any Price inputted other than the 0.50 USD increments will be half rounded.
Input the Quantity that you want to trade with. The Minimum Order Quantity is 0.0001 BTC. The Quantity is only required if you want to trade with a Market Order.
Press Buy / Long if you want to reduce your Short position, or if you want to create a Long position.
Press Sell / Short if you want to reduce your Long position, or if you want to create a Short position.
2. After the Order is filled, a position is created. You can monitor open positions under the Positions panel.
3. You can close your position in two ways
A. You can close or reduce your open position by creating a Limit Order or Market Order that is the opposite side to your open position. For example, if you want to close an open long position, you can create a short Limit Order or Market orders to reduce or close your open long position. You must always carefully check your existing positions before doing so to ensure correct input.
B. You can close your open position by clicking the Close or the Market button. The Close button will create a counter Limit Order to your open position at the price set. The Market button will create a counter Market Order to your open position.