How to complete an order placing operation on the OYi Contract trading interface?

Key Points:

• Step 1: Access the Trading Interface
• Step 2: Select Contract Type and Instrument
• Step 3: Choose Order Type and Parameters
• Step 4: Confirm and Submit Order
• Step 5: Monitor Order Status

Step-by-Step Guide:Step 1: Access the Trading Interface

• Log in to your OYi account and navigate to the "Contracts" section.
• Select the "Trading" sub-tab to open the trading interface.

Step 2: Select Contract Type and Instrument

• Determine the type of contract you wish to trade, such as perpetual or futures.
• Choose the specific contract instrument, such as BTC/USDT for Bitcoin perpetual contracts.

Step 3: Choose Order Type and Parameters

• Select the order type: limit order (execute at a specified price), market order (execute at the current price), stop order (execute when the price reaches a certain level), or trigger order (execute when a specified condition is met).

• Enter the following parameters based on your chosen order type:

  • Limit order: Price, quantity
  • Market order: Quantity
  • Stop order: Trigger price, quantity
  • Trigger order: Trigger condition, order type

Step 4: Confirm and Submit Order

• Review your order details, including order type, parameters, and estimated fees.
• Click the "Buy/Long" or "Sell/Short" button to confirm and submit your order.

Step 5: Monitor Order Status

• The order status can be tracked in the "Orders" tab within the trading interface.

• You can view the following status updates:

  • Pending: Order has been submitted but not yet executed
  • Partially filled: Order is partially executed and the remaining quantity is still open
  • Filled: Order is fully executed
  • Canceled: Order has been canceled by the user or the system

FAQs:Q: What is a limit order?

A: A limit order is an order that executes only when the market price reaches a specified limit set by the trader. It prevents orders from being executed at unfavorable prices.

Q: What is a market order?

A: A market order is an order that executes immediately at the current market price. It is the quickest way to enter or exit a position but does not provide price protection.

Q: What is a stop order?

A: A stop order is a conditional order that triggers when the market price reaches a predefined level. It allows traders to enter or exit positions automatically at specific price points.

Q: What is a trigger order?

A: A trigger order is a conditional order that allows traders to create complex order chains. It triggers a specified order type when a particular condition is met.

Q: How do I cancel an order?

A: Orders can be canceled by clicking the "Cancel" button beside it in the "Orders" tab.