You should also understand the available order types before you start using Liquid Pro.
Tap on Margin Trade on the app screen.
Tap on Cryptocurrency Pairs on top of the app screen.
Use the search feature to find the trading pair you want.
If you want to margin trade BTC, type BTC in the search box. Then you can head to transaction page by tapping on Long or Short.
There are 4 different order types on Liquid Pro. The default is Market Order. If you want to choose a different order type, tap on market order at the top. You can choose from Limit, Market, Stop, or Trailing Stop.
Tap on Margin on the top right side to set your Leverage, Funding Currency and Direction.
- Limit Price: Choose the desired price of entry for the short or long.
- Quantity: Input the size of your position in BTC, then tap the Review Your Order button.
Preview your order for one last time. Once you tap Place Short/Long Order, you can only edit or cancel the order providing it hasn't already been filled.
You can create another order or head back to the dashboard.
Edit Take Profit & Stop Loss
In the Margin Trading interface, scroll down to see your open position.
Tap the position you want to edit.
You can edit Take Profit and Stop Loss by tapping the Edit button.
Tap Save & Apply.
Tap Yes to continue.
Close a position
Select the position you want to close.
Choose how much you want to close. Tap Close Position and confirm to continue.