You are ready to open an order when you have conviction about a token’s future price and want to participate in that price movement. Opening a trade is not a complex task — Huobi Global has four different spot order options, each requiring only minimal information to proceed.
This lesson will give you step-by-step instructions on opening different spot orders on Huobi Global.
You may also want to learn more with the following Beginner lessons:
First step: Opening a spot order
1. Open the Huobi Global trading interface by clicking [Spot trading], then [Exchange].
2. Choose a trading pair from the ‘Search’ bar or the list.
Please note that this lesson uses a BTC/USDT pair as an example. Also, only the ‘Buy’ side is used to demonstrate the opening of spot orders. To open ‘Sell’ orders, you can use the same information on the right side of the order placement panel.
Opening a limit order
1. Click [Limit] on the Huobi Global trading interface.
2. A limit order allows you to place an order at a specific price. Limit orders aren’t instant — the exchange places them in an order book, after which the order is triggered as soon as the price is right.
To open a limit order, choose the price at which the order will be triggered by clicking ‘Price’ and entering the correct value. You also need to choose the amount you want to set for the trade by clicking ‘Amount’ and entering the correct value. Alternatively, you can use the green slider to select an allocation of 25%, 50%, 75% or 100% of your assets.
3. When you have entered the right amount and confirmed that you want to open the trade, click [Buy BTC].
Opening a market order
1. Click [Market] on the Huobi Global trading interface.
2. As a market order is executed at the best possible price, you only have to enter the amount you want to invest. You can type it or use the green slider to select an allocation of 25%, 50%, 75% or 100% of your assets.
3. When you have entered the right amount and confirmed that you want to open the trade, click [Buy BTC].
Opening a stop-limit order
1. Click [Stop-Limit] on the Huobi Global trading interface.
2. A stop-limit order consists of a stop price and a limit price. The stop price is the price that triggers the limit order, and the limit price is the price of that limit order. So when the price reaches the specified stop price, the exchange automatically places the limit order in the order book.
State the stop price (‘Stop’), limit price (‘Price’), and amount you want to set for the trade (‘Amount’) by clicking on the corresponding boxes and entering the correct values. Alternatively, you can use the green slider to select an allocation of 25%, 50%, 75% or 100% of your assets.
3. When you have entered the right amount and confirmed that you want to open the trade, click [Buy BTC].
Opening a trigger order
1. Click [Trigger Order] on the Huobi Global trading interface.
2. With a trigger order, your order is automatically placed once the market price matches the trigger price (‘Stop’).
State the trigger price (‘Stop’), limit price (‘Price’) and amount you want to set for trade (‘Total’) by clicking on the corresponding box and entering the right value. Alternatively, you can use the green slider to select an allocation of 25%, 50%, 75% or 100% of your assets.
3. A trigger order can be used to create either a limit order or market order. In the case of a limit order, the trigger order behaves like a stop-limit order. Click the downward pointing arrow in the ‘Price’ field to choose a limit order or market order.
4. When you have entered the right amount and confirmed that you want to open the trade, click [Buy BTC].
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