✅Open your first position on Storm Trade
Last updated
Last updated
To start trading on Storm Trade, you need to open a position. We’ve prepared a step-by-step guide on how to open your first position using @StormTradeBot.
Go to @StormTradeBot and start the bot.
Open the Storm app by clicking the Trade button.
Connect your wallet by clicking "connect wallet". Make sure the connected wallet has enough TON to open a position. It’s best to keep at least 1 TON in the wallet, although the blockchain fee is usually much lower.
Storm Trade offers many exciting features. Navigate to the Trade tab to open a position.
Select a trading pair from the dropdown list.
After selecting the pair, choose the direction of your position. If you believe the asset’s price will rise, choose Long, and if you think it will fall, choose Short.
Choose the type of order to open your position. By default, a Market order is selected, which will open your position at the current market price.
Select the collateral for your position. It will be used as a margin. You can use TON, USDT, or NOT.
Enter the amount in TON, NOT, or USDT that will be used as margin.
Set the leverage: from 1 (lower risk but lower potential profit) to 150 (higher risk but higher potential profit).
The Reward Points field shows the number of rewards you’ll earn for opening a new position. These rewards will be issued as an airdrop in STORM tokens. Owners of Market Makers NFT can increase their reward farming speed by up to two times, depending on the number of NFTs (1 to 5) in their wallet.
Don’t forget to set orders that will close your position automatically:
Stop Loss will close the position automatically to prevent liquidation.
Take Profit will close the position automatically at the price where you want to lock in your profit.
When using a referral link, the commission rate is reduced depending on the discount level of your referrer.
Confirm the transaction to open the position in your wallet. After that, your position (price, liquidation level, and orders) will immediately be displayed on the chart.
❗️ Opening a position will deduct up to ~0.25 TON as a blockchain fee, of which ~0.17 TON will be refunded to your balance. Additionally, Storm Trade charges its own fee of 0.12% for USDT pairs and 0.2% for coin-margined pairs traded against TON and NOT. Currently, Storm Trade offers some of the lowest fees in the market.
✊ When a Stop Loss or Take Profit order is executed, the position closes automatically, and no additional blockchain fee is charged.
✍️ To close the position manually, click the Close Position button and sign the transaction to close. Funds will return to your balance, including the earned PnL.
