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How to Create order

Apr 10, 2019

Lite interface

You can create orders in Lite or Advanced interface.

Choose “Lite” interface if you are just starting to use FUMGO or trade crypto.

Choose “Advanced” interface if you have mastered order creation. Select the type of the interface by switching from “Lite” to “Advanced” option.

market order

CREATING ORDERS IN LITE INTERFACE

MARKET ORDER IN LITE INTERFACE

Market Order immediately executes a request to buy or sell at the best available price on the exchange at the moment of the deal.

To create a Market Order, click “Deal” on the sidebar.

 market order vs limit order

Choose “Create Order”.

 what is a market order

STEP 1.

  • Сhoose an exchange where you want to execute your deal. If you don’t have an account press “Add account”
  • To specify the trade pair select coins from the lists or use the search
  • Press “Next”

Entered data will be displayed in “Order Summary”.

  what is a stop market order

STEP 2.

  • Choose order side and type
  • Select a side of a trade – BUY or SELL
  • Choose Market Order
 how to set stop loss

Specify the amount of coins you want to buy or sell in the “Amount” field (you can choose a corresponding amount of the total available by pressing 25%, 50%, etc.)

 market order vs limit order

STEP 3. (OPTIONAL)

  • Set Take Profit and/or Stop Loss
  • Set Trailing function
  • Click “Next” to skip this step if you are done with settings.
  • Click “Place Order” in the lower right corner of the page
 market order definition

To check all orders you have created, choose “Orders” on the sidebar.

CREATE LIMIT ORDER IN LITE INTERFACE

Limit Order executes a request to buy or sell with specified price or better.

To create Limit Order, click “Deal” on the sidebar.

 market order vs limit order

Choose “Create Order”.

 what is a market order

STEP 1.

  • Сhoose an exchange where you want to execute your deal. If you don’t have an account press “Add account”
  • To specify the trade pair select coins from the lists or use the search
  • Press “Next”

Entered data will be displayed in “Order Summary”.


 stop market order

STEP 2.

  • Choose order side and type
  • Select the side – BUY or SELL
  • Choose Limit Order
 how to set stop loss
  • The “Price” is filed automatically with the current market rate. You can enter the target price or leave the current one.
  • Enter the amount of base coins in the “Amount” field or enter in the “Total” field the amount of coins you want to receive after the deal. You can fill only one of these fields, the other one will be recalculated automatically.
  • In the “Expire” field specify the period while the order will be open – up to 1 month.
  • Entered data will be displayed in “Order Summary”.

STEP 3. (OPTIONAL)

  • Set Take Profit and/or Stop Loss
  • Set Trailing function.
  • Click “Next” to skip this step if you are done with settings.
  • Click “Place Order” in the lower right corner of the page.
 market order definition

To see all orders you have created, choose “Orders” on the sidebar.

CREATE CONDITIONAL ORDER IN LITE INTERFACE

Conditional Order is a Market or Limit order that will be placed when the price reaches a certain level.

To create a Conditional Order, click “Deal” on the sidebar. Choose “Create Order”.

market order

STEP 1.

  • Сhoose an exchange where you want to execute your deal. If you don’t have an account press “Add account”
  • To specify the trade pair select coins from the lists or use the search
  • Press “Next”

Entered data will be displayed in “Order Summary”


 market order vs limit order

STEP 2.

  • Choose a side of a trade – BUY or SELL
  • Choose Conditional Order
  • Enter the target price into “Specified price to reach” field – the order will be placed, when the price reaches the specified level.
  • Choose the order type to be placed: Market or Limit
  • Fill the details for Market or Limit Order
 market order limit order

STEP 3 (OPTIONAL).

  • Set Take Profit and/or Stop Loss
  • Set Trailing function
  • Click “Next” to skip this step if you are done with settings.
  • Place an order by clicking “Place Order”.

To see all orders you have created, choose “Orders” on the sidebar.

HOW TO SET TAKE PROFIT FUNCTION

Take Profit is a function which closes an order if the price reaches a certain level. This function is meant to fix a trader’s profit.

Take Profit is the third step in Lite Interface, activate it with an “ON switch”.

 market order definition

To set up Take Profit function:

  • Specify the type of Take Profit Order – Market or Limit.
    • Market Take Profit will be executed at the best price available
    • Limit Take Profit will be executed at the exact price you specified.
  • Enter the price you want to close the order at into the “TARGET PRICE” field.
  • In the “Amount” field specify the amount of coins you want to sell or buy
  • Click “Next” to proceed to Stop Loss function.
  • Or place an order by clicking “Place Order”.
  • Optional. If you press “ADD STEP” you can set Trailing function.

Attention! If you specify more than one step when closing Take Profit Order, the Trailing mechanism will be enabled only for the last step.


 market order vs limit order

HOW TO SET STOP LOSS FUNCTION

Stop Loss is a function which closes an order when a certain level of the price loss is reached. This function is meant to reduce a trader’s losses.

Stop Loss is the fourth step in Lite Interface, activate it with an “ON switch”.

market order

To set up Stop Loss function:

  • Specify the type of Stop Loss Order.
    • Market Stop Loss will be executed at the best price available
    • Limit Stop Loss will be executed at the exact price you specified.
  • Enter the price you want to close the order at into the “TARGET PRICE” field.
  • In the “Amount” field specify the amount of coins you want to sell or buy
  • Place an order by clicking “Place Order”.
  • Optional. If you press “ADD STEP” you can set Trailing function.

Attention! Trailing is not available when you break your Take Profit Order into steps.


 market order limit order



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