Making Your First Trade
This guide walks you through placing your first trade on Flash Trade, covering all essential features and risk management tools.
Prerequisites
Before you begin:
Ensure your Solana wallet is connected to Flash Trade
Have sufficient SOL for transaction fees
Verify you have funds available for trading (USDC, SOL, or other supported assets)
Platform Overview
Flash Trade's interface consists of three main sections:
Trading Chart: Real-time price action and technical indicators
Market Selection: Available trading pairs displayed at the top
Order Panel: Trade execution interface on the right side
Step 1: Select Your Trading Pair
Click the dropdown menu in the trading pair section (top of the interface)
Browse available markets or use the search function
Select your desired trading pair (e.g., SOL/USDC)
The chart and order panel will update to reflect your selection
For this tutorial, we'll use SOL as our trading asset.
Step 2: Setting Up Your Trade
Choose Position Direction
Long: Select if you expect the asset price to increase
Short: Select if you expect the asset price to decrease
Limit Orders for both Long and Short are available also.
Configure Position Size
Enter your desired position size
The system automatically calculates Liquidation Price and Fees based on leverage amount.
Adjust Leverage
Use the leverage slider to adjust your leverage
Higher leverage amplifies both potential gains and losses
Flash Trade supports up to 100x leverage on select pairs
Step 3: Risk Management Settings
Take Profit (TP)
Set your target profit level
Position closes when price reaches this level
Stop Loss (SL)
Define your maximum acceptable loss
Limits downside risk by closing position at predetermined price
Slippage Tolerance
Controls acceptable price movement during order execution
Default settings work well for most trades
Adjust based on market volatility and position size
Flash Trade's pool-to-peer model minimizes slippage
Step 4: Order Execution
Review all trade parameters:
Position size
Leverage
Take Profit level (optional)
Stop Loss level (optional)
Slippage tolerance (optional)
Review the confirmation dialog:
Verify all trade details
Confirm you understand the risks
To execute the trades
Click "Long/Buy" button for Market Longs
Click "Short/Sell" button for Market Shorts
Click "Limit Order" button for Limit Orders
Step 5: Managing Your Position
Position Monitoring
Active positions appear in the "Positions" tab below the chart
Monitor real-time P&L, entry price, and current market price
Track margin usage and liquidation price
Position Management
Modify Stop Loss and Take Profit levels as needed
Partially close positions to lock in profits
Add to existing positions if desired
Closing Positions
Close manually at any time through the Positions panel
Positions close when Stop Loss or Take Profit triggers
Stop Loss and Take Profit settlement occurs in USDC by default or based on your selection
Best Practices
Risk Management
Always set Stop Loss levels
Never risk more than you can afford to lose
Start with smaller position sizes while learning
Troubleshooting
Having issues? Review our Troubleshooting Guide
Transaction Failures: Ensure sufficient SOL for network fees
Slippage Errors: Increase slippage tolerance during volatile periods
Insufficient Funds: Verify available balance before placing trades
Support Resources
Join the community Discord for real-time support. Remember: legitimate support will never ask for your private keys or recovery phrase.
Review FAQ section for common questions
Next Steps
After completing your first trade:
Explore advanced trading features
Learn about Flash Trade's liquidity provision options
Investigate additional trading pairs and strategies
Consider Flash Trade's ecosystem integrations
Remember: Trading involves significant risk. Always conduct your own research and trade responsibly.
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