6-step guide
TradeMonkey trading guide
Fund your TradeMonkey trading wallet, choose a market, place an order, and manage positions from one connected account.
Open trading1
Sign in and choose a network
Connect through Privy, then decide whether you are practicing or trading live.
- Use the account button to sign in with email or connect an external wallet.
- Open Portfolio and choose Simulation, Testnet, or Mainnet.
- Use Simulation to learn the interface without signing transactions or moving funds.
Testnet and Mainnet use different balances. Switching the UI does not move funds between networks.
2
Fund before you trade
Deposit, Transfer, Swap, auto-fund, auto-convert, and Withdraw are shared across Trade and Predict.
- Open the Funding & balances guide for the full walkthrough.
- On the trade page, Deposit / Transfer / Swap sit on the asset card.
- If balance is short when you place an order, TradeMonkey can auto-fund and auto-convert after you confirm.
3
Choose a market
Open Trade and select the asset you want from the market list.
- Review the mark price, 24-hour move, order book, and recent activity.
- Confirm the selected asset and active network before entering an amount.
- Use a liquid market while learning so fills and spreads are easier to understand.
4
Build the order
Choose direction, order type, size, and any risk controls.
- Buy/Long benefits when the asset rises; Sell/Short benefits when it falls.
- Market orders prioritize execution. Limit orders only execute at your selected price or better.
- Review leverage, estimated position value, fees, liquidation risk, and available buying power.
- Check the confirmation summary before submitting the transaction.
Leverage amplifies both gains and losses. Start with a small size and low leverage.
5
Manage positions and orders
Monitor open risk from the trading workspace or Portfolio.
- Positions shows size, entry price, mark price, unrealized PnL, and liquidation price.
- Open Orders shows resting limit and trigger orders that have not filled.
- Cancel an unwanted resting order before placing a replacement.
- Use the close-position flow to reduce or fully exit an open position.
6
Go deeper
Continue with Funding & balances or Advanced trading when you need more detail.
- Funding & balances: Deposit, Transfer, Swap, auto-convert, and Withdraw for Trade and Predict.
- Advanced trading: Market / Limit / Pro, Long / Short, and every account tab on /trade/btc.