Step 2: Start Trading on CPH Crypto Mobile Trader App
The following steps will go through the process of executing a simple trade using the order ticket in the CPH Crypto Mobile Trader App. Step 3, however, will cover the more advanced trading functions, including advanced order types and margin trading.
Note, it's currently not possible to deposit funds directly through the App, only through the web platform. Deposited funds will appear in the App and ready for trading once depositing through the platform is completed. Click here to see how to deposit funds to your account.
1. Choose a trading pair
First, you’ll need to choose the trading pair you wish to trade from the Price List. For this example, we’ll be using the BTC/USD trading pair.
2. Enter the Order Ticket
Once you have chosen a trading pair, enter the order ticket by clicking the arrow on the left-hand side of the specific trading pair you intend to trade as shown below
1. Enter Quantity
Enter the desired quantity you wish to trade.
3. Choose an Order Type
Now, choose an order type. In this example, we’ll be using a limit order.
CPH Crypto offers four kinds of order types:
- Limit - an order to buy or sell a coin at a particular price and does not settle.
- Stop limit - an order that executes the submission of a limit order, once the coin reaches a specified price.
- Market - an order that is placed at the current market price thus having has the highest probability of being fulfilled
- Stop market - An order that if the currency reaches the stop price, the order becomes a market order
5. Set Price
Since we’ll use a limit order, we need to set the desired price point for the trade we intend to execute.
6. Send and Accept Order
Once you have entered the quantity, price, and chosen an order type, it’s time to place the trade. So, press send, confirm the order and press accept to send the order through for processing.
Nice! You just place your first order using the CPH Crypto Mobile Trader App.
Next up, I’ll show you how to navigate through the different features of the CPH Crypto Mobile Trader App.