Understanding Trade Interface

PrimeXBT platform interface consists of 5 main sections:

Account - make deposits, withdrawals, change account settings and keep track of your account’s activity and statistics. Trade - also known as Trading Terminal, this section is used to monitor the market, place trades and control your orders and positions. Turbo - Short-term Bitcoin settled contracts Covesting - Strategy management and Following Analysis - charts by TradingView for technical analysis

Let's take a separate look at the Trade section.

Trade

The Trade section, also know as Trading terminal or Trade interface, is where all trading actions are performed.

The Trade section of the platform is used to monitor the market, place trades, control your orders, positions and reflects detailed statistics of your Trading account. This page consists of 2 main parts: the Financial Summary bar and your Workspace (outlined with yellow in the screenshot above).

Regular trading account and a Covesting Fund trading account have separate, independent Trade terminals.

Financial Summary bar

The Financial Summary bar consists of 3 parts: +Add Widgets button, Trading mode button and Trading account statistics.

1) +Add Widgets button

+Add Widgets button allows you to open the widget menu and add widgets to your Workspaces.

Clicking on the +Add Widgets button will bring up the Widget menu:

There are 7 different widgets which can be added to your Workspace: - Chart widget: highly customizable Chart with a large array of charting tools - Watchlist widget: helps monitor market activity for selected trading pairs - Dashboard widget: shows Spreads for selected assets and specific order volumes. - Positions widget: allows you to manage all open Positions. - Orders widget: allows you to manage all active Orders. - Trades widget: reflects recently executed Orders. - Messages widget: reflects logs of all recently placed, cancelled, rejected, modified or executed orders, as well as margin call and position liquidation notifications.

2) Trading mode button

Trading mode button allows you to select the desired trading mode. Clicking on this button will bring up the Trading mode menu:

There are 3 Trading modes: - Regular trading: a 'New order' form is brought up whenever you attempt to place a trade. This will allow you to select additional parameters for your trade before sending your orders. Additionally you will receive a confirmation prompt whenever Sending/Cancelling/Closing an order or position. - One-click trading: allows you to control orders and positions with one-click. Orders and positions will be Sent/Canceled/Closed immediately and without confirmation prompts. Default order type is set to 'Market'. No protection orders are attached to new orders (but can be added manually after an order has been placed). New order quantity is defined by the quantity selector near the trade (Red/Green) buttons. - Dbl-click trading allows you to control orders and positions via double-clicks. When double-clicking, orders and positions will be Sent/Canceled/Closed immediately and without confirmation prompts. Default order type is set to 'Market'. No protection orders are attached to new orders unless added manually after an order has been sent. New order quantity is defined by the quantity selector near the trade (Red/Green) buttons.

Note: Make sure to exercise caution when using One-click and Dbl-click trading as accidental clicks can lead to unwanted orders being placed.

3) Trading account statistics reflect current Trading Account info.

- Balance: Trading account balance - Reward: reflects bonus Equity received from special offers or promotions - Equity: reflects Balance + Unrealized P/L (from all open positions) + Reward - Unrealized P/L: reflects combined Profit/Loss from all open position - Used margin: margin that is currently reserved in open positions - Available margin: free margin that can currently be withdrawn to Wallet or used for trading - Available margin%: free margin that can currently be withdrawn to Wallet or used for trading reflected in % value

Workspace

Workspace is the area of the Trade page where all of your widgets are shown. All trading is performed in your workspaces.

The 4 default widgets are Chart, Watchlist, Positions and Orders. You can add or remove any widgets from your workspace. Also you can move, rearrange and resize widgets by clicking and dragging them by the borders.

Note: Additional workspaces can be created by clicking the ‘+’ button at the top of the Workspace area: