✅Open your first position on Storm Trade
Last updated
Last updated
To start trading on Storm Trade, you need to open a position. We have prepared a step-by-step plan for you on how to open your first position using @StormTradeBot.
Go to @StormTradeBot and run the bot.
Open the Storm app by pressing the Trade button.
Connect the wallet by clicking Сonnect Wallet. Make sure that the connected wallet has enough TON to open a position.
Select a trading pair from the list.
Pairs with collateral in TON are in the TON tab, pairs with collateral in USDT are in the USDT tab.
Click on a pair to select the direction of the position. If you believe that the asset will increase in price, choose Long, and if you think it will decrease, choose Short.
Enter the amount in TON or USDT to be used as Collateral.
Set the leverage: from 1 (lower risks but lower potential profit) to 50 (higher risks but higher potential profit).
Don't forget to set orders that will close the position automatically:
Stop Loss will automatically close the position to prevent liquidation,
Take Profit will automatically close the position at the price where you would like to secure your profit.
When you follow a referral link, the fees percentage is reduced depending on the discount level of your referrer.
Confirm the transaction of opening a position in your wallet.
❗️ Opening a position will deduct up to ~0.25 TON as a blockchain fee, of which ~0.17 TON will be returned to the balance. In addition, Storm Trade charges its own fee of 0.12% for USDT pairs and 0.2% for TON pairs. At the moment, Storm Trade charges one of the lowest fees in the market.
✊ When a Stop Loss or Take Profit order is executed, position is closed automatically and no additional blockchain fee is charged.
✍️ To close a position manually, click on the Close Position button and sign the transaction to close. The funds will be returned to your balance with the PnL earned.
