> For the complete documentation index, see [llms.txt](https://learn.trovemarkets.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://learn.trovemarkets.com/dapp/start-trading.md).

# Start trading

It shows everything you need to configure your order — from direction and leverage to type and confirmation.

{% hint style="info" %}
This guide breaks down what each part of the panel means and how to use it effectively.
{% endhint %}

***

### Order Type

| **Order Type** | **Description**                                    |
| -------------- | -------------------------------------------------- |
| **Market**     | Executes immediately at the best available price.  |
| **Limit**      | Executes only at your specified price (or better). |

***

### Long or short

{% columns %}
{% column width="33.33333333333333%" %}

<figure><img src="/files/Qk3unr6qDkJh8wnVh39F" alt="" width="320"><figcaption></figcaption></figure>
{% endcolumn %}

{% column width="66.66666666666667%" %}

Long / Buy — You expect prices to rise.

* In perpetual markets, this means you profit when the price goes up.
* In spot markets, this means you’re buying and holding the asset.

***

Short / Sell — You expect prices to fall.

* In perpetual markets, this means you profit when the price goes down.
* In spot markets, this means you’re selling holdings or taking a short exposure.
  {% endcolumn %}
  {% endcolumns %}

***

### Amount

This field determines how much you’re trading.

* Enter either the quantity of the asset or the USD notional value you wish to trade.
* You can toggle between Notional (USD) and Amount in Asset Units for clarity.

> If a collectible perp is priced at $200 and you enter $1,000, you’re opening a 5-unit position. The system automatically updates margin requirements and fees based on your chosen amount.

***

### Leverage

Leverage allows you to control a larger position with a smaller amount of collateral.

* Use the slider or input box to select your desired leverage.
* The panel will display your Required Initial Margin for the trade.
* Adjusting leverage updates your liquidation price in real time.

{% hint style="warning" %}
Use leverage responsibly — higher leverage increases potential gains and losses. At 5× leverage, a $100 margin controls a $500 position.
{% endhint %}

***

### Summary

This section provides a full overview of your order before you place it:

| **Field**             | **Meaning**                                                                       |
| --------------------- | --------------------------------------------------------------------------------- |
| **Order Value**       | Total size of your trade (in USD or asset units).                                 |
| **Margin Required**   | Collateral needed to open the position.                                           |
| **Liquidation Price** | The price at which your position will be liquidated if losses exceed your margin. |
| **Estimated Fees**    | Trading and funding fees associated with the order.                               |
| **Slippage**          | Expected price impact for Market orders based on liquidity depth.                 |
| **Tick Size Check**   | Ensures Limit orders use valid price increments.                                  |

***

<figure><img src="/files/pUPh90nMyLxYoSn2ARtI" alt=""><figcaption></figcaption></figure>

### Place Order

When you’re satisfied with your settings:

1. Review your side, type, amount, and leverage.
2. Click Place Order.
3. Approve the transaction in your wallet (if prompted).

* Market Orders fill immediately.
* Limit Orders appear in Open Orders until they fill or you cancel them.
* Once filled, your trade appears in Positions → Active with real-time PnL tracking.


---

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