How to Trade Crypto at FTX
FTX’s interface is similar to other trading platforms but with additional features catered to derivative traders.
We will use BTC as an example, select BTC from the top banner and bring us on to the BTC perp contract.
1) Cryptocurrency Selector
When you scroll over a particular cryptocurrency, you’ll be able to select the various Futures, Move Contracts, Spot or Token products related to it.
2) Candlestick Chart
The Candlestick Chart depicts the price movements of the trading pair., showing how far and the direction the price of an asset is moved during a specific time period. Each “candlestick” shows one day. To learn more, here’s our recommended reference: Introduction to Candlesticks
3) Crypto Wallet Info
This section shares relevant information depending on which asset you’re interested in trading.
When you select a Perpetual, Move or Futures Product, you will be given provide an option to select the Max account leverage ranging from 1x to 101x.
An Order Book refers to the list of open orders arranged at different prices. This also refers to the market depth, which can give you a sense of the market’s liquidity, i.e., how much can you buy before your orders start affecting the market price of the asset.
5) Place Order
FTX allows you to execute 6 types of orders:
Limit Order (An order to buy/sell at a specific price)
Market Order (An order to buy/sell at market price)
Stop Market Order (An order to execute market order once an assets reach a price)
Stop Limit Order (An order to execute limit order once an asset reaches a price)
Trailing Stop Order (Set the stop price at a fixed amount below the market with an attached ‘trailing’ amount)
Take Profit Order (Like for a Stop-loss order, you directly input the trigger price when creating a Take profit order. If you are buying, the order will get sent when the market price drops below your trigger price. If you are selling, the order will get sent when the market price exceeds below your trigger price).
6) Market Trades
Market trades shows all the trades that occurred within the asset’s market by traders across FTX’s userbase.
7) Check Balance, Open Orders, Trigger Orders Trade History
Similar to other trading interfaces, you can check for any open orders (Orders that are currently live and not executed), order history (orders that have been executed), as well as a summary of all the assets you currently own. What is unique to FTX is that you can also see your Trigger Orders. When a trigger order becomes triggered, it’s possible for the order it sends to fail.
The account may not have enough margin, price bands during sharp market moves might prevent market orders from matching against other orders, etc. In these cases, it may be preferable to retry sending the triggered order until their overall triggered order size is filled. Retried triggers will only be sent when the standard conditions around mark price and trigger price are met. You can see the result of each trigger on the Trigger Order History page by clicking the “+” button on any trigger order set to Retry to view all its triggers.