Volta Market
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  • ⚡Volta Market
  • 💡Introduction
    • What are Perps?
    • Key Features
    • How Volta Works
    • Supported Networks & Assets
  • 🏁Getting Started
    • Setting up Your Wallet
    • Funding Your Wallet
    • Bridging Assets
    • Swapping Tokens
    • Connecting Wallet
  • 💸Trading
    • Opening a Position
      • Selecting a Market
      • Understanding The Trading Forms
      • Picking a Side
      • Choosing an Order Type
      • Setting Collateral & Trade Size
      • Adjusting Leverage
      • Executing a Trade
    • Closing a Position
      • Market Close
      • Take Profit/Stop Loss
      • Liquidations
  • 💰Staking & Reward
    • Introduction to Staking
      • Buying VLP
      • Selling VLP
      • Token Pricing & Weight
      • A Step by Step Guide
      • Unstaking
    • Staking Mechanics
    • Staking Risks & Considerations
  • 📡Behind the scene
    • Understanding the Protocol
    • Vault Mechanics
    • Role of Routers
    • Price Feeds & Oracles
    • $VOL
    • VLP Explained
  • ⚖️Oracles & Governance
    • Introduction to Oracles
    • How Resilient Oracle System Works
    • Governance & Security
  • 🌪️Referral Program
    • How Referrals work
    • How to Earn from Referrals
    • Referral Commissions & Payouts
  • 🔒Security & Audits
    • Audit Reports
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  1. 💸Trading
  2. Opening a Position

Choosing an Order Type

When placing an order, you can choose between different order types:

  • Market Order: Executes immediately at the current market price.

  • Limit Order: Executes at a specific price you set.

  • TP/SL Order: Take Profit (TP) and Stop Loss (SL) orders automatically close your open position at predefined profit or loss levels.

PreviousPicking a SideNextSetting Collateral & Trade Size

Last updated 2 months ago