Create a Custom Order

  1. Open the trading page of the Alkimiya DApp.

  1. Ensure the "Create Order" section is selected.

  1. Decide on:

    1. The Size of your order

    2. The price you are willing to trade at.

      • If you're going Long, the lower the price, the better. This is because if the index goes above the price, you profit; therefore, the lower the price, the greater the probability of the index going above it.

      • If you're going Short, the higher the price, the better. This is because if the index goes under the price, you profit; hence, the higher the price, the greater the probability of the index staying under it.

    3. The duration for which you want your order to be available on the market before it expires.

  1. After setting your order's parameters, you can view a summary that includes:

    • The required payment in your wallet for your order to be valid (Note: funds will only be taken from your wallet if your order is filled by another user).

    • The range of payout you can expect from your position if this order gets filled.

  2. Finally, click on the "Create Order" button to finalize the process: Granting allowance & signing the order with your wallet

To learn how to manage your open orders, proceed to the next section.

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