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A cryptocurrency exchange is a platform where users can buy, sell, or trade digital currencies like Bitcoin using fiat or other cryptos.
Steps to place Trigger Orders using Margin:Click on [Trigger]. Indicate the Trigger Price. Choose the Leverage. Select [Margin]. Input the margin balance under [Margin]. Execute the order by clicking either on Long or Short (depending on your trading direction).Example:Trigger Price: Set a specific price ...Read more
Steps to place Trigger Orders using Position Size:Click on [Trigger]. Indicate the Trigger Price. Choose the Leverage. Select [Position Size]. Input the contract quantity or price under [Position Size]. Execute the order by clicking either on Long or Short (depending on your trading direction).
Time-In-Force (TIF) determines how long an order remains active before it is executed or canceled. Flipster supports three common TIFs:Good Till Cancel (GTC):Description: Remains active until fully executed or manually canceled. Use Case: Commonly seen in maker limit orders, where ...Read more
Max Slippage is the predefined threshold that determines the maximum allowable difference between the trigger price and the upper or lower limit executed price of a trade. It prevents excessive slippage during market volatility, ensuring orders are not executed at ...Read more
Follow these steps to check Max Slippage on the Flipster app:Go to [Settings]:Click on [Contracts]. This opens up a mobile web version of Flipster.Search for the symbol/contract:Use the search bar or click on the symbol/contract.Check the Contract Specification:Scroll down ...Read more
Close Custom Amount allows users to partially close an open position, offering flexibility in managing trades.
Follow these steps to use Close Custom Amount:Navigate to the [Trade] tab:Tap on the symbol under [Open positions].Under the [Positions] tab:Tap on the [X] button.Tap on [Close custom amount]: Input the [Close amount]:Two ways to input the Close Amount:Manually: Tap under ...Read more
Instant Flip allows users to quickly close their current position and open a new one in the opposite direction with a single tap. The initial invested funds for the new position will be based on the invested funds and ...Read more
Follow these steps to use Instant Flip:Navigate to the [Trade] tab:Tap on the trading pair that you would like to use Instant Flip under [Open positions].Under the [Positions] tab:You will have the option to use [Instant Flip]. The [Flip ...Read more
Take Profit (TP) and Stop Loss (SL) orders are risk management tools that allow users to close an existing position at a predetermined price.
