Gate.io AMA : How to Open a Position | Web Version-App Version | Oct. 27th

Q : Please tell me about Open Position

A : First, let's start with the web version.

One-way/ Two-way positions are the same.

(All following examples are USDT settlement contracts of BTC_USDT trading, the webpage screenshot below is an analog contract.)

There are two ways of placing an order:

You can select from 'Limit Price' or 'Market Price'.

Placing a long-position order to buy in when the market price is predicted to rise; placing a short-position to sell when the market price is predicted to fall.

Q : Can you show me how to use Limit Order and Market Order?

A : Limit Price

Operation Method:

①Click to select Cross/Isolated Mode and the Leverage

②Input the price or select the price from the left-side

③Input the amount of opening a position

④Select 'Buy' or 'Sell'

⑤Make sure all information is correct and click 'confirm' to place the order.

If the order is not filled immediately or fully filled, you can check under the 'Current Order' list, or you can also withdraw the order to cancel it:

After an order is filled, you can check under the 'Position' list. The margin can be adjusted under the Isolated Position Mode ( All balances in the trader's contract account will be used as the margin under the Cross Position Mode ).

*Note: The liquidation price will be recalculated after adjusting the margin. Please be aware of the risk of forced liquidation.

Q : How about Market Price ?

A : Market Price

Operation Method:

①Click to select Cross/Isolated Mode and the Leverage

②Input the amount of opening a position

③Select 'Buy' or 'Sell'

④Make sure all information is correct and click 'confirm' to place the order.

*Note:

The order will be taken directly if choosing the market price. The order will be filled immediately without placing an order.

Q : Please show me how to open position in app version.

A :

1.Limit Price

Operation Method:

①Click to select Cross/Isolated Mode and the Leverage

②Input the price or select the price from the right-side

③Input the amount of opening a position

④Select 'Buy' or 'Sell'

⑤Make sure all information is correct and click 'confirm' to place the order.

If the order is not filled immediately or fully filled, you can check under the 'Current Order' list, or you can also withdraw the order to cancel it:

After an order is filled, you can check under the 'Position' list. The margin can be adjusted under the Isolated Position Mode ( All balances will be used as the margin under the Cross Position Mode ).

*Note:

The liquidation price will be recalculated after adjusting the margin. Please be aware of the risk of forced liquidation.

Q : How about Market Price ? 4

A : Market Price

Operation Method:

①Click to select Cross/Isolated Mode and the Leverage

②Input the amount of opening a position

③Select 'Buy' or 'Sell'

④Make sure all information is correct and click 'confirm' to place the order.

*Note:

The order will be taken directly if choosing the market price. The order will be filled immediately without placing an order.

Q : Thank you for all, let's go to the question session