Trading on Metal X DEX

Deposit: Any user/trader should have sufficient funds/tokens in their account before placing a trade.

Withdraw: User/trader can withdraw funds/tokens into their own account by cancelling the trades.

Place order

Limit Order: A Limit order is a sell/buy order placed at a higher/lower or better price than the current or specific price. Price needs to be quoted along with assets to buy/sell.

In this example, user want to trade XPR/XMD pair. Buy XPR window shows that user want to buy XPR worth 1 XMD at a price of 0.0035. Similarly Sell XPR window shows that user want to sell 222 XPR at a price of 0.0045

Market Order: Market orders executed immediately on placing order. If there no liquidity available, the orders will get cancelled immediately without pending in orderbook.

In this example, user want to trade XPR/XMD pair. Buy XPR window shows that user want to buy XPR worth 1 XMD at market price. Similarly Sell XPR window shows that user want to sell 300 XPR at market price.

Stop-Loss Order: Stoploss orders are used to liquidate assets on reaching certain price level. To trigger/move/promote this order, trigger price needs to be reached.

In this example, Buy XPR window shows that user want to place a stoploss order(cover the sold assets) at a trigger of 0.004 with a price of 0.0035. Once the trigger price is reached, the order will be promoted to orderbook and get matched with available orders at a price of 0.0035 or less.

Take-Profit Order: Like stoploss orders takeprofit orders are also used to liquidate assets on reaching certain price level. The order will be trigger on reaching the trigger price mentioned in the order.

In this example, Sell XPR window shows that user want to place a takeprofit order(example: Book profits from the holding assets) at a trigger of 0.008 with a selling price of 0.0081. Once the trigger price is reached, the order will be promoted to orderbook and get matched with available orders at a price of 0.0081 or more.

Cancel Order: Pending orders(full or partial) can be cancelled. In the below mentioned example, order can be cancelled through Actionscolumn