Manual Trading

<p>Manual trading on Bitsgap allows you to take full control of your trading activities while leveraging our intuitive interface. Whether you're a seasoned trader or just starting, the platform's tools empower you to execute precise strategies and make informed decisions.</p>
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<p id="h_01JJ21KKPWHXGQKCTR6ZE1YWD1"><strong>Overview</strong></p>
<ul>
<li><a href="#h_01JJ21KKPWMKK33Y1WT2EY2FTX">Setting Up for Manual Trading</a></li>
<li><a href="#h_01JJ21KKPW4YGERV72YZG8F09C">Advanced Tools and Features</a></li>
<li><a href="#h_01JJ21KKPWRP15EA11M1PYFCCD">Tips for Effective Manual Trading</a></li>
<li><a href="#h_01JJ21KKPW2GQAFJFR6MRWTPWR">Benefits of Manual Trading on Bitsgap</a></li>
</ul>
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<p><strong>Watch Our Quick Video Guide: <a href="https://www.youtube.com/watch?v=_K7BnzRkj_o">Smart Orders on Bitsgap—Smart Trading Terminal Explained | Crypto Trading Series [Part 2]</a></strong></p>
<p class="wysiwyg-text-align-center"><strong><iframe src="//www.youtube-nocookie.com/embed/_K7BnzRkj_o" width="560" height="315" frameborder="0" allowfullscreen=""></iframe></strong></p>
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<h3 id="h_01JJ21KKPWMKK33Y1WT2EY2FTX">Setting Up for Manual Trading</h3>
<p>To begin manual trading on Bitsgap, follow these steps:</p>
<ol>
<li><strong>Connect Your Exchange</strong></li>
</ol>
<p class="wysiwyg-indent1">Ensure that you’ve connected your preferred exchange to Bitsgap using API keys.<a href="https://bitsgap.com/helpdesk/article/13091203806364-How-to-Connect-Your-Exchange-to-Bitsgap"> Learn how to connect your exchange here</a>.</p>
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<li><strong>Select the Trading Tab</strong></li>
</ol>
<p class="wysiwyg-indent1">After connecting your exchange, navigate to the <strong>Trading</strong> section via the dashboard.</p>
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<li><strong>Choose The Exchange and Your Trading Pair</strong></li>
</ol>
<p class="wysiwyg-indent1">In the "Trading" section, select exchange and trading pair you wish to work with. The interactive chart will provide real-time market data to inform your trades.</p>
<p class="wysiwyg-indent1 wysiwyg-text-align-center"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18030512747676" width="624" height="252"></p>
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<li>
<strong>Set Order Details</strong>:</li>
</ol>
<p class="wysiwyg-indent1">Choose between limit, market, or stop orders, enter the price at which you want to execute the trade (applicable for limit orders) and specify the amount you want to trade.</p>
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<li><strong>Set a Stop Loss &amp; Take Profit</strong></li>
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<p class="wysiwyg-indent1">Protect your profits and limit losses by setting Take Profit and Stop Loss levels:</p>
<ul>
<li>
<strong>Take Profit:</strong> Automatically close the position at a specified profit level.</li>
<li>
<strong>Stop Loss:</strong> Close the position if the price moves against you to a certain level.</li>
</ul>
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<li>
<strong>Place the Order</strong>:</li>
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<p class="wysiwyg-indent1">Review and confirm the order details. Click the "Buy" or "Sell" button to submit your order.</p>
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<h3 id="h_01JJ21KKPW4YGERV72YZG8F09C">Advanced Tools and Features</h3>
<p><strong>1. Scaled Orders</strong><strong><br></strong>Scaled orders allow you to split your trade into multiple smaller orders within a predefined range. This feature helps you execute trades systematically to reduce the impact of price fluctuations.<a href="https://bitsgap.com/helpdesk/article/9965161851420-Scaled-Order"> Learn more about Scaled Orders</a>.</p>
<p><strong>2. Stop-Market Orders</strong><strong><br></strong>With Stop-Market orders, you can set a trigger price at which your order will execute. This is particularly useful for safeguarding your portfolio during volatile market conditions. <a href="https://bitsgap.com/helpdesk/article/9965430936476-Stop-Market-Order">Learn more about Stop-Market Orders</a>.</p>
<p><strong>3. TWAP (Time-Weighted Average Price)&nbsp;</strong></p>
<p>TWAP is an order that buys or sells coins in equal portions over a set period of time. With the TWAP order, you can average your coin’s sale or purchase price and minimize the impact of a large order on the market. <a href="https://bitsgap.com/helpdesk/article/14862507279132-TWAP-order"><span class="wysiwyg-underline" style="color: #1155cc;">Learn more about TWAP</span></a>.</p>
<p><strong>4. Trailing Take Profit</strong><strong><br></strong>This feature ensures that you lock in profits as the market moves in your favor, while dynamically adjusting your take-profit level.<a href="https://bitsgap.com/helpdesk/article/9966552273692-Trailing-Take-Profit"> <span class="wysiwyg-underline" style="color: #1155cc;">Learn about Trailing Take Profit</span></a>.</p>
<p><strong>5. Stop Loss and Take Profit for Manual Futures Trading</strong><strong><br></strong>For futures trading, Bitsgap offers precise tools to set stop-loss and take-profit levels, ensuring you stay within your risk tolerance.<a href="https://www.youtube.com/watch?v=gW9vuY4tgls"> Learn how to set Stop Loss and Take Profit</a>.</p>
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<h3 id="h_01JJ21KKPWRP15EA11M1PYFCCD">Tips for Effective Manual Trading</h3>
<ul>
<li>
<strong>Analyze the Market:</strong> Use Bitsgap's real-time charts and indicators to understand market trends.</li>
<li>
<strong>Set Clear Goals:</strong> Define your risk tolerance and profit expectations before placing orders.</li>
<li>
<strong>Test with Demo Mode:</strong> Practice your strategies risk-free using Bitsgap's <a href="https://bitsgap.com/helpdesk/article/13512068818332-How-to-use-Bitsgap-Demo-Mode"><span class="wysiwyg-underline" style="color: #1155cc;">demo trading</span></a> feature.</li>
</ul>
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<h3 id="h_01JJ21KKPW2GQAFJFR6MRWTPWR">Benefits of Manual Trading on Bitsgap</h3>
<ul>
<li>Access to multiple exchanges in one interface.</li>
<li>Advanced order types for flexibility and precision.</li>
<li>Intuitive design that simplifies complex trading strategies.</li>
</ul>
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<h4 id="h_01JJ21SCA6B65PVT3207XMKNAV"><strong>What's Next?</strong></h4>
<ul>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18033964614812">Manual Trading</a></strong>: Dive deeper into manual trading and learn how to trade on crypto markets.</li>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/9965725973404">Advanced Manual Trading Techniques</a></strong>: Explore advanced strategies and techniques for experienced traders to optimize their manual trading.</li>
</ul>
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<h4 id="h_01JJ21SSVD2ZP230PG1290QPHQ"><strong>Need Assistance?</strong></h4>
<p>If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com"><span class="wysiwyg-underline" style="color: #1155cc;">Customer Support</span></a> Team.</p>

Introduction to Manual Trading

<p>This guide walks you through the process of placing manual orders on the Bitsgap platform. You’ll learn how to use leverage, select trading pairs, and place market or limit orders for efficient trading.</p>
<hr>
<p><strong>Watch Our Quick Video Guide: <a href="https://www.youtube.com/watch?v=gW9vuY4tgls">How to Set TP/SL in Futures Manual Trading on Bitsgap - Easy Tutorial!</a></strong></p>
<p class="wysiwyg-text-align-center"><strong><iframe src="//www.youtube-nocookie.com/embed/gW9vuY4tgls" width="560" height="315" frameborder="0" allowfullscreen=""></iframe></strong></p>
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<h3 id="h_01JJ2A0E9K4MG4S1XX1GQMQWTQ"><strong>How to Place an Order</strong></h3>
<p><strong>Step 1: Navigate to the Trading Tab:</strong></p>
<ul>
<li>Log in to your <a href="https://app.bitsgap.com/">Bitsgap account</a>.</li>
<li>Click on the <a href="https://app.bitsgap.com/trading?tab=trading">"Trading" tab</a> located on the top menu.</li>
</ul>
<p><strong>Step 2: Select Your Exchange and Pair:</strong></p>
<ul>
<li>Choose the connected exchange you wish to trade on.</li>
<li>Select the trading pair you want to trade, such as BTC/USDT or ETH/USDT.</li>
</ul>
<p class="wysiwyg-indent0.8333333333333334"><strong>Tip:</strong> Bitsgap support futures trading for Binance Futures, OKX Futures, Kucoin Futures, ByBit Futures, and Bitget Futures</p>
<p><strong>Step 3: Adjust Leverage and Margin Mode</strong></p>
<ul>
<li>Before entering a position, set your preferred leverage level (e.g., 2x, 10x, 20x). Leverage amplifies your position size but also increases risk.</li>
<li>Set Isolated or Cross Margin</li>
</ul>
<p class="wysiwyg-indent0.8333333333333334"><strong>Tip:</strong> Use leverage cautiously to manage risk effectively.</p>
<p><strong>Step 4: Enter Position Details</strong></p>
<ul>
<li>
<strong>Order Type:</strong> Select your desired order type (e.g., Limit, Market).</li>
<li>
<strong>Quantity:</strong> Specify the number of contracts to trade.</li>
<li>
<strong>Price:</strong> For Limit orders, enter the price at which you wish to execute the trade.</li>
</ul>
<p><strong>Step 5: Place the Order</strong></p>
<p>Review all order details carefully. When ready, click on:</p>
<ul>
<li>
<strong>Buy/Long</strong> to open a position anticipating a price increase.</li>
<li>
<strong>Sell/Short</strong> to open a position expecting a price decrease.</li>
</ul>
<p class="wysiwyg-indent0.8333333333333334"><strong>Tip:</strong> Your order will appear in the "Open Orders" section until filled. Once executed, it will move to the "Positions" tab.</p>
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<h4 id="h_01JJ29D6YR3Y39HSHHF4H6E161"><strong>What's Next</strong></h4>
<ul>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18034217197468">Managing Your Positions with the Positions Tab</a></strong>: Learn how to monitor and manage open&nbsp; positions.</li>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/9965725973404">Advanced Knowledge in Manual Trading</a></strong>: Dive into advanced techniques and tools like technical analysis, smart orders, and trailing strategies to elevate your manual trading on Bitsgap.</li>
</ul>
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<h4 id="h_01JWWJMXR642XV5KKBRT1M5CHE"><strong>Need Assistance?</strong></h4>
<p>If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com"><span class="wysiwyg-underline" style="color: #1155cc;">Customer Support</span></a> Team.</p>

How to Place an Order Manually

<p>The <strong>Trade History Tab</strong> provides detailed insights into your executed trades, including realized PNL, trading fees, and the overall success of your strategies. You’ll also learn how to navigate and use this tab effectively.</p>
<hr>
<p><strong>Watch Our Quick Video Guide: <a href="https://www.youtube.com/watch?v=gW9vuY4tgls">How to Set TP/SL in Futures Manual Trading on Bitsgap - Easy Tutorial!</a></strong></p>
<p class="wysiwyg-text-align-center"><strong><iframe src="//www.youtube-nocookie.com/embed/gW9vuY4tgls" width="560" height="315" frameborder="0" allowfullscreen=""></iframe></strong></p>
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<h3 id="h_01JJ2AJJE5RSQ29KNMFR921VNB">How To</h3>
<p><strong>1. Monitor Positions</strong></p>
<ul>
<li>Keep track of your open positions in the "Positions" tab.</li>
<li>View details such as entry price, current PNL (Profit and Loss), and leverage.</li>
</ul>
<p><strong>2. Set Take Profit and Stop Loss</strong></p>
<p class="wysiwyg-indent4">Protect your profits and limit losses by setting Take Profit and Stop Loss levels at any time during the trade:</p>
<ul>
<li>
<strong>Take Profit:</strong> Automatically close the position at a specified profit level.</li>
<li>
<strong>Stop Loss:</strong> Close the position if the price moves against you to a certain level.</li>
</ul>
<p><span class="wysiwyg-color-black"><strong>3. Reverse your position</strong></span></p>
<p class="wysiwyg-indent4"><span class="wysiwyg-color-black">Click the Reverse button to instantly close your current position and open an opposite one with the same size. This allows you to quickly switch trading direction without manual order adjustments.</span></p>
<p><span class="wysiwyg-color-black"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/21086772574620" alt="reverse.jpg"></span></p>
<p><strong>4. Close a Position</strong></p>
<p class="wysiwyg-indent4">Choose between <strong>Market</strong> or <strong>Limit</strong> orders to close your position instantly or at a desired price.</p>
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<h4 id="h_01JJ2AKPCHJ2RGH0GE1G6RRJMZ"><strong>What's Next</strong></h4>
<ul>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/9965725973404">Advanced Knowledge in Manual Trading</a></strong>: Dive into advanced technical analysis tool that combines signals of several indicators and oscillators.</li>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/13908133573660">Order Types in Manual Trading</a></strong>: Explore the different order types available on Bitsgap, including Limit, Market, Stop-Limit, and how to use them effectively.</li>
</ul>
<hr>
<h4 id="h_01JJ2ANPJACSB5CT3JSPEWXB1S"><strong>Need Assistance?</strong></h4>
<p>If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com"><span class="wysiwyg-underline" style="color: #1155cc;">Customer Support</span></a> Team.</p>
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Manual Trading

Introduction to Manual Trading

How to Place an Order Manually

Managing Open Positions