How to complete an order placing operation on the OYi Contract trading interface?

To trade contracts on OYi, navigate to the "Contracts" section, select the desired contract type and instrument, choose the order type and parameters, confirm and submit the order, then monitor the status in the "Orders" tab.

Jan 31, 2025 at 11:24 pm

Key Points:

• Step 1: Access the Trading Interface
• Step 2: Select Contract Type and Instrument
• Step 3: Choose Order Type and Parameters
• Step 4: Confirm and Submit Order
• Step 5: Monitor Order Status

Step-by-Step Guide:

Step 1: Access the Trading Interface

• Log in to your OYi account and navigate to the "Contracts" section.
• Select the "Trading" sub-tab to open the trading interface.

Step 2: Select Contract Type and Instrument

• Determine the type of contract you wish to trade, such as perpetual or futures.
• Choose the specific contract instrument, such as BTC/USDT for Bitcoin perpetual contracts.

Step 3: Choose Order Type and Parameters

• Select the order type: limit order (execute at a specified price), market order (execute at the current price), stop order (execute when the price reaches a certain level), or trigger order (execute when a specified condition is met).

• Enter the following parameters based on your chosen order type:

  • Limit order: Price, quantity
  • Market order: Quantity
  • Stop order: Trigger price, quantity
  • Trigger order: Trigger condition, order type

Step 4: Confirm and Submit Order

• Review your order details, including order type, parameters, and estimated fees.
• Click the "Buy/Long" or "Sell/Short" button to confirm and submit your order.

Step 5: Monitor Order Status

• The order status can be tracked in the "Orders" tab within the trading interface.

• You can view the following status updates:

  • Pending: Order has been submitted but not yet executed
  • Partially filled: Order is partially executed and the remaining quantity is still open
  • Filled: Order is fully executed
  • Canceled: Order has been canceled by the user or the system

FAQs:

Q: What is a limit order?

A: A limit order is an order that executes only when the market price reaches a specified limit set by the trader. It prevents orders from being executed at unfavorable prices.

Q: What is a market order?

A: A market order is an order that executes immediately at the current market price. It is the quickest way to enter or exit a position but does not provide price protection.

Q: What is a stop order?

A: A stop order is a conditional order that triggers when the market price reaches a predefined level. It allows traders to enter or exit positions automatically at specific price points.

Q: What is a trigger order?

A: A trigger order is a conditional order that allows traders to create complex order chains. It triggers a specified order type when a particular condition is met.

Q: How do I cancel an order?

A: Orders can be canceled by clicking the "Cancel" button beside it in the "Orders" tab.