Lesson 1: Understanding Limit Buy step by step
If you are new to trading,
The first order you need to understand correctly is: Limit Buy
Because it's the foundation... and everything after it is easier.
Stick with the numbers in the image 👇
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① Trading pair (BANK/USDT)
This is the pair you are trading on.
It means you will buy BANK using USDT.
Always check the pair before any execution.
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② Choose the direction (Buy/Sell)
Here you specify that you are entering a buy.
As long as you want to own the currency, you must be on Buy.
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③ Order type: Limit order.
Limit means:
> 'I set the price myself… and I'm not in a hurry.'
And this is the best choice for beginners.
Because it prevents you from chasing the price.
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④ Purchase price (USDT)
The price you agree to buy at.
If the current price is higher,
The order remains pending until the price drops to it.
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⑤ Amount of currency (BANK)
Here you determine how many units you will buy.
Tip:
Don't invest all your capital in one trade.
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⑥ Total trade (USDT)
The platform calculates automatically.
Price × Quantity.
Check this number well before execution.
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⑦ Take profits (optional)
You can set a selling price with profit.
From the same screen.
And this helps you work with a clear plan.
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⑧ Activate stop loss.
The most important step in risk management.
Protects you if the market suddenly goes against you.
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⑨ Stop loss price.
The price that if the market reaches it.
The trade closes automatically.
And prevents larger losses.
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⑩ Buy execution button.
After: ✔️ You set the price.
✔️ Quantity
✔️ I reviewed the total.
You click buy…
And the order remains pending until the price reaches it.
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🎯 Summary
Limit Buy = Control and calm.
Avoid emotional decisions.
ity
It is the foundation for any successful trader.
📌 The next lesson in the series:
Market Order
And why many people lose because of it despite being 'easy'.
