How to Trade on Pi42

Welcome to your comprehensive guide to trading on Pi42, the advanced yet user-friendly crypto futures trading platform designed to cater to traders of all levels. From setting up your personalised watchlist to executing trades with confidence, this guide will provide you with all the information you need to navigate and utilise the Pi42 trade terminal to its full potential.

Monitor the Watchlist Panel

Getting Started: The Watchlist panel on the top left side of the Pi42 trade terminal allows you to view all the contracts we have in a ticket manner and monitor them. This feature makes it easy to follow the 24-hour percentage movements and access the contracts you’re most interested in with just a click.



How to Customise Your Watchlist:
Navigate to the Watchlist panel.
Browse the available contracts on Pi42.
Monitor the 24h % change to make your decisions


Understanding the Contracts Panel 

Accessing Contract Details: When you select a contract from your watchlist, the Contracts Panel provides a wealth of information to help you make informed decisions. It displays critical data such as Market price, Last Traded Price, and 24-hour trading volume.

Analysing Contract Performance:
Click on a contract in your watchlist.
Review the presented details, including 24-hour high and low prices.
Use this information to gauge market trends and the contract's recent performance

Making Use of the Trading View Panel

Conducting Technical Analysis: The Trading View panel is where your analysis takes shape. With a range of chart types and time frames, from 1 minute to 1 month, you can delve deep into technical analysis with tools and indicators provided by TradingView.

Steps for Chart Analysis:
Select a contract and view its chart in the Trading View panel.
Choose from various chart types and candlestick patterns.
Apply technical analysis tools to formulate your trading strategies.

Utilising the Order Book Panel

Understanding Market Dynamics: The Order Book panel to the right shows real-time bids and asks, along with the latest traded prices. This is key to understanding the market depth and the supply and demand for the selected contract.



Navigating the Order Book:
Observe the green (bids) and red (asks) price levels.
Analyse the depth of the market to understand liquidity and price points.

Keeping Track with the Trades Panel

Monitoring Market Activity: Next to the Order Book is the Trades panel, which lists all executed trades on Pi42, offering transparency and insight into the platform's trading activity.

How to View Executed Trades:

Look at the Trades panel to see the flow of market transactions.

Use this information to confirm market trends and trader sentiment.

Executing Trades in the Order Placement Panel

Taking Action: The core of the trade terminal is the Order Placement panel. Here, you can:

Select Margin Type: The default setting is Isolated Margin, allowing you to limit risk to a specified amount per trade.

Choose Order Type: Pick between Market or Limit Order based on your trading strategy.

Adjust Leverage: Set your desired leverage, up to 20x, to amplify your trading capacity.

Enter Order Details: Input the quantity and, for Limit Orders, the price at which you wish to execute the order.

Execute Trade: Click ‘Buy Long’ or ‘Sell Short’ to open a position based on your market expectations.

Managing Your Trades with the Orders and Positions Panel

Your Trading Dashboard: The Orders and Positions panel is where you can view all your trading activities. This includes open positions, with details like entry price and unrealized P&L, as well as your comprehensive order, trade, and transaction histories.

Steps to Manage Trades:
Open the Orders and Positions panel.
Monitor your active positions and adjust them as needed.
Keep track of your past trades and transactions for future reference.

Conclusion

With Pi42's trade terminal, you have a powerful tool to navigate the crypto futures market effectively. Whether you're making your first trade or are a seasoned trader, Pi42 is equipped to support your trading journey. And remember, our dedicated support team is always ready to assist you should you need any help. Dive into the world of futures trading with Pi42 and experience a platform that evolves with you.

Happy trading on Pi42!