how to enter a trade on bybit

To enter a trade on Bybit, navigate to the "Trade" tab, select a trading pair, choose an order type, enter order details, preview the order, and place it after confirming with your password.

Oct 26, 2024 at 10:53 am

How to Enter a Trade on Bybit

Step 1: Select a Trading Pair

• Navigate to the "Trade" tab on the Bybit website or mobile app.
• Choose the trading pair you wish to trade, such as BTC/USDT or ETH/USDT.

Step 2: Choose Your Order Type

• Limit Order: Specify the desired price at which you want to buy or sell the asset.
• Market Order: Buy or sell the asset at the current market price.
• Conditional Order: Execute an order when a specific condition is met.

Step 3: Enter Order Details

• Amount: Specify the quantity of the asset you wish to buy or sell.
• Price (for Limit Orders): Enter the desired price for your order.
• Leverage (for Futures Trading): If applicable, select the leverage multiplier you desire.

Step 4: Preview Order

• Review the order details to ensure they are correct.
• Calculate the potential profit or loss using Bybit's profit calculator.

Step 5: Place Order

• Click the "Buy" or "Sell" button to place your order.
• Confirm the order placement by entering your Bybit account password.

Step 6: Manage Order

• Open the "Orders" tab to view your open and closed orders.
• You can modify or cancel orders as needed.

Additional Tips:

• Consider using stop-loss orders to limit your potential losses.
• Use caution when trading with leverage, as it can amplify both profits and losses.
• Research and understand the market before placing trades.