To place your first order, review all the Prerequisites and follow the Procedures.
Prerequisite:
- Please read all of the Basic Trading Concepts articles to become familiar with all the terms and concepts used below.
Procedures:
The Phemex Trading Page offers you three types of orders:
Limit Orders
- Log in to Phemex.com and click the Contract Trading button.
- From the Order Module on the left side of the page, select Limit.
- Set your desired Limit Price and contract Quantity.
- At the bottom of the module, select either Post-Only, Reduce-Only, GoodTillCancel, ImmediateOrCancel, FillOrKill, or leave untouched depending on your needs.
- Click Buy/Long or Sell/Short to display a confirmation window.
- Select a Take Profit or Stop Loss percentage if necessary. If not, then click Confirm.
Market Orders
- Log in to Phemex.com and click the Contract Trading button.
- From the Order Module on the left side of the page, select Market.
- Set your desired contract Quantity.
- Click Buy/Long or Sell/Short to display a confirmation window.
- Select a Take Profit or Stop Loss percentage if necessary. If not, then click Confirm.
Conditional Orders
- Log in to Phemex.com and click the Contract Trading button.
- From the Order Module on the left side of the page, select Conditional.
- Check Limit if you want to set a Limit Price, or Market if you want to use the Market Price at the time that your condition triggers.
- Select whether you want to trigger by Last Price or Mark Price
- If you checked Limit, set your desired Limit Price and contract Quantity. If you checked Market, set your desired contract Quantity.
- If you checked Limit, you also have the option to select either Post-Only, Reduce-Only, GoodTillCancel, ImmediateOrCancel, FillOrKill, or leave untouched depending on your needs. If you checked Market, you have the option to select Close on Trigger or leave untouched depending on your needs.
- Click Buy/Long or Sell/Short to display a confirmation window.
- Select a Take Profit or Stop Loss percentage if necessary. If not, then click Confirm.
For any inquiries contact us at support@phemex.zendesk.com
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