For the web version: Click Trade in the top navigation bar, and selectSpot Trading to enter the trading page.
For the app version: Simply tap Trade.
On the trading page, assuming you wish to buy or sell KCS, you would enter "KCS" into the search bar. Then, you would select your desired trading pair to conduct your trade.
At the bottom of the trading interface is the panel for buying and selling. There are six order types you can choose from: limit orders, market orders, stop-limit orders, stop-market orders, one-cancels-the-other (OCO) orders, and trailing stop orders. Below are examples on how to place each type of order:
1. Limit Order: A limit order is an order to buy or sell an asset at a specific price or better.
For instance, if the current price of KCS in the KCS/USDT trading pair is 4 USDT, and you wish to sell 100 KCS at a KCS price of 5 USDT, you can place a limit order to do so.
To place such a limit order, you would select Limit, set Price to 5 USDT, set Quantity to 100 KCS, and click Sell KCS to confirm the order.
2. Market Order: A market order is an order that buys or sells an asset at the current best available price on the market.
Take the KCS/USDT trading pair for example. Assuming the current price of KCS is 4.1 USDT, and you wish to quickly sell 100 KCS. To do this, you can use a market order. When you issue a market order, the system matches your sell order with the existing buy orders on the market, which ensures a swift execution of your order. This makes market orders the best way to quickly buy or sell assets.
To place such a market order, you would select Market, set Quantity to 100 KCS, and click Sell KCS to confirm the order.
Please note: Since market orders are immediately filled, they cannot be canceled. You can review order and transaction details in your Order History and Trade History. Market orders are matched with the best available maker order price in the market at the time and may be influenced by market depth. As such, please be mindful of market depth when placing market orders.
3. Stop-Limit Order: A stop-limit order is a conditional trade that combines a stop order with a limit order. To place a stop-limit order, you would set a "Stop" (stop price), a "Price" (limit price), and a "Quantity". When the stop price is reached, a limit order will be placed based on the limit price and quantity specified.
Take the KCS/USDT trading pair for example. Assuming the current price of KCS is 4 USDT, and you believe that there is resistance around 5.5 USDT, this suggests that once the price of KCS reaches that level, it is unlikely to go any higher in the short term. As such, your ideal selling price would be 5.6 USDT, but you don't want to have to monitor the market 24/7 just to maximize these profits. In such a scenario, you can opt to place a stop-limit order.
To place such an order, you would select Stop-Limit, set a stop price of 5.5 USDT, a limit price of 5.6 USDT, and set Quantity to 100 KCS. Then, click Sell KCS to place the order. When the price reaches or exceeds 5.5 USDT, the limit order will be triggered. Once the price reaches 5.6 USDT, the limit order should be filled.
4. Stop Market Order: A stop market order is an order to buy or sell an asset once the price reaches a specific price (the "stop price"). Once the price reaches the stop price, the order becomes a market order and will be filled at the next available market price.
Take the KCS/USDT trading pair for example. Assuming the current price of KCS is 4 USDT, and you believe there is resistance around 5.5 USDT, this suggests that once the price of KCS reaches that level, it is unlikely to go any higher in the short term. However, you don't want to have to monitor the market 24/7 just to be able to sell at an ideal price. In this situation, you can choose to place a stop market order.
To place such a stop market order, you would select Stop Market, set a stop price of 5.5 USDT, set Quantity to 100 KCS, and then click Sell KCS to place the order. When the price reaches or exceeds 5.5 USDT, the market order will be triggered and filled at the next available market price.
5. One-Cancels-the-Other (OCO) Order: A one-cancels-the-other (OCO) order places both a limit order and a stop-limit order simultaneously. Depending on how the market moves, one of these orders will be triggered, and the other order will automatically be canceled.
Take the KCS/USDT trading pair for example, and assume the price of KCS is 4 USDT. You believe that the final price of KCS is a decrease, either after rising to 5 USDT and then falling, or by directly declining. Your intention would be to sell at a price of 3.6 USDT just before the price drops below the support level of 3.5 USDT.
To place such an OCO order, you would select OCO, set Price to 5 USDT, set Stop to 3.5 USDT (this will trigger a limit order when the price reaches 3.5 USDT), set Limit to 3.6 USDT, set Quantity to 100, and then click Sell KCS.
Refer to the following for more details on how to place and use OCO orders:
6. Trailing Stop Order: A trailing stop order is a modified version of a typical stop order. The stop price of a trailing stop order can be set as a certain percentage away from an asset's current price. When the market's price movement meets both conditions, it triggers a limit order. With a trailing buy order, you can purchase promptly when the market starts to rise after a drop. Likewise, with a trailing sell order, you can sell promptly when the market begins to decline after an upward trend. A trailing stop protects gains by allowing a trade to remain open and continue to profit as long as the price moves in the user's favor. The trade is then closed if the price changes direction by the specified percentage.
Take the KCS/USDT trading pair for example and assume the price of KCS is 4 USDT. You anticipate the price of KCS will rise to 5 USDT and then, after continuing to rise to a certain level, retrace by 10% before you consider selling again. For this, you would set your selling price at 8 USDT. In this situation, your strategy involves placing a sell order at 8 USDT, but only when the price hits 5 USDT and then experiences a 10% retracement.
To place such a trailing stop order, you can select Trailing Stop, set the activation price at 5 USDT, set the trailing delta to 10%, set Price to 8 USDT, set Quantity to 100, and then click Sell KCS.
Refer to the following for more information about trailing stop orders: