Manual trading on Bitsgap allows you to take full control of your trading activities while leveraging our intuitive interface. Whether you're a seasoned trader or just starting, the platform's tools empower you to execute precise strategies and make informed decisions.
Overview
- Setting Up for Manual Trading
- Advanced Tools and Features
- Tips for Effective Manual Trading
- Benefits of Manual Trading on Bitsgap
Watch Our Quick Video Guide: Smart Orders on Bitsgap—Smart Trading Terminal Explained | Crypto Trading Series [Part 2]
Setting Up for Manual Trading
To begin manual trading on Bitsgap, follow these steps:
- Connect Your Exchange
Ensure that you’ve connected your preferred exchange to Bitsgap using API keys. Learn how to connect your exchange here.
- Select the Trading Tab
After connecting your exchange, navigate to the Trading section via the dashboard.
- Choose The Exchange and Your Trading Pair
In the "Trading" section, select exchange and trading pair you wish to work with. The interactive chart will provide real-time market data to inform your trades.
- Set Order Details:
Choose between limit, market, or stop orders, enter the price at which you want to execute the trade (applicable for limit orders) and specify the amount you want to trade.
- Set a Stop Loss & Take Profit
Protect your profits and limit losses by setting Take Profit and Stop Loss levels:
- Take Profit: Automatically close the position at a specified profit level.
- Stop Loss: Close the position if the price moves against you to a certain level.
- Place the Order:
Review and confirm the order details. Click the "Buy" or "Sell" button to submit your order.
Advanced Tools and Features
1. Scaled Orders
Scaled orders allow you to split your trade into multiple smaller orders within a predefined range. This feature helps you execute trades systematically to reduce the impact of price fluctuations. Learn more about Scaled Orders.
2. Stop-Market Orders
With Stop-Market orders, you can set a trigger price at which your order will execute. This is particularly useful for safeguarding your portfolio during volatile market conditions. Learn more about Stop-Market Orders.
3. OCO (One Cancels the Other)
An OCO order allows you to place two conditional orders simultaneously. When one is executed, the other is canceled automatically, streamlining your risk management. Learn more about OCO Orders.
4. TWAP (Time-Weighted Average Price)
TWAP is an order that buys or sells coins in equal portions over a set period of time. With the TWAP order, you can average your coin’s sale or purchase price and minimize the impact of a large order on the market. Learn more about TWAP.
5. Trailing Take Profit
This feature ensures that you lock in profits as the market moves in your favor, while dynamically adjusting your take-profit level. Learn about Trailing Take Profit.
6. Stop Loss and Take Profit for Manual Futures Trading
For futures trading, Bitsgap offers precise tools to set stop-loss and take-profit levels, ensuring you stay within your risk tolerance. Learn how to set Stop Loss and Take Profit.
Tips for Effective Manual Trading
- Analyze the Market: Use Bitsgap's real-time charts and indicators to understand market trends.
- Set Clear Goals: Define your risk tolerance and profit expectations before placing orders.
- Test with Demo Mode: Practice your strategies risk-free using Bitsgap's demo trading feature.
Benefits of Manual Trading on Bitsgap
- Access to multiple exchanges in one interface.
- Advanced order types for flexibility and precision.
- Intuitive design that simplifies complex trading strategies.
What's Next?
- Manual Trading: Dive deeper into manual trading and learn how to trade on crypto markets.
- Advanced Manual Trading Techniques: Explore advanced strategies and techniques for experienced traders to optimize their manual trading.
Need Assistance?
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap Customer Support Team.