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On this page
  • What Can I Trade?
  • Navigate to Trading
  • Desktop
  • Mobile
  • Trading Page
  • Desktop Layout
  • Customize the Desktop Layout
  • Trading Console
  • Order Types
  • Chart Trading
  • Slippage Settings
  • More Settings
  • General Settings (Settings Panel):
  • Advanced Order Settings (Trade Console)
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  1. Tutorials

Trading Basics

Learn the fundamentals and basics for trading on Vertex.

PreviousOne-Click TradingNextPerpetuals

Last updated 4 months ago

Contents:

  • What can you trade?

  • Navigating to trading

  • Trade page layout (and customization)

  • Order placement layout

  • Order types

  • Chart trading

  • Slippage settings

  • Advanced settings


What Can I Trade?

Vertex is not just another perp DEX.

  • Perps trading with 50+ markets.

  • Spot trading with 10+ markets across Vertex Edge chains.

  • VRTX staking

  • Yield markets

  • Borrowing

  • Liquidity Pools

  • Vaults

Vertex also offers traders a unified trading account. Traders can utilize cross-margin between their perps, spot, yield, and pool positions.

This tutorial will focus on the Perps and Spot trading basics. To learn more about the other opportunities, please check out the dedicated tutorials.


Navigate to Trading

To trade you must head to the trading page.

Desktop

  • Hover on ‘Trade’ in the navigation bar.

  • Hover on perps or spot.

  • Select the market on the right-hand side.

  • Or use the 🔍 icon to search for the market.

Mobile

  • Click the hamburger menu [=].

  • Click on the trade drop-down menu.

  • Select perps or spot.

  • This will take you to the default market trading page and you can switch markets once there.

Markets Page

You can also view and navigate to all markets on the markets page.

Command Center

You can also make use of the command center to navigate to markets while only using your keyboard quickly. Review the tutorial linked above for more details.


Trading Page

The trading page is where you will do your trading. You can also monitor and manage your positions, and view open orders and history.

Desktop Layout

  1. Market Selection: Switch markets.

  2. Market Info Bar: Information about the selected market.

  3. Watch-list & More Tools: Create a market watch-list -- view social sentiment and news.

  4. Price Chart, Market Depth, Funding (for perps): Use the toggle to change views.

  5. Orderbook & Trades: View the open order and executed trades for the market.

  6. Trade Console: Order placement (can be on the right or left side).

  7. Tables: Your positions, balances, orders, and history.

Customize the Desktop Layout

You can decide to have the trade console on the left or right side of the chart.

  • Click on your wallet in the top right corner to open the account center.

  • Click on the ⚙️ icon to open settings.

Under ‘Trading Console Position’ select left or right.


Trading Console

The trading console is where you place trade orders.

  1. Margin & Leverage

    1. Perps: This is where you select isolated / cross-margin and trade leverage.

    2. Spot: Decide if you want to trade on margin or with the assets you have.

  2. Direction: Decide to Buy / Long or Sell / Short.

  3. Order Type: Decide the order type for your trade (more info below).

  4. Settings: Quick access to settings.

  5. Order Details: The amount of the asset you want to buy / sell denominated in the asset or in terms of USDC.

  6. Slider & Shortcuts: Select a % of your max order size.

  7. TP & SL Checkbox: Tick this if you want to set a corresponding TP / SL.

  8. Advanced Drop-Down: Advance order settings depending on your order type.

  9. Execution Button: Click this to place the order.

  10. Summary: Trade details and account impact.


Order Types

Vertex offers the following order types:

  • Market: The trade will fill at the best available market price.

  • Limit: The trade will fill at the set limit price or better.

  • Stop Market: Set a trigger price that will trigger a market order.

  • Take Profit: Set a price to realize your profits for a perp position. When the trigger price is reached, a market order will be sent to close your position completely.

  • Stop Loss: Set a price to cap your losses for a perp position. When the trigger price is reached, a market order will be sent to close your position completely.

The first 3 order types can be set using the trade console.

Take Profit & Stop Loss Can Be Set By:

  • Clicking on the [Add] button in the TP / SL column on an open perp position.

  • On the trading console, while entering an order, check the TP / SL box.


Chart Trading

Vertex makes it easier to trade using the candlestick chart. Here is what you can do using the chart (on desktop):

  • Enter Limit Price: Click on the chart to use that price for your limit order price.

  • Cancel Orders: Click on the (x) on any displayed order to cancel the order.

  • Adjust Limit Orders: Click and drag your open order to adjust the price.

  • Adjust Trigger Orders: Click and drag your TP / SL and Stop Market orders to adjust the price.


Slippage Settings

On Vertex, you can set your max slippage tolerance (%) for Market, Stop Market, Take Profit, and Stop Loss orders.

To set and re-set:

  • Click on the settings ⚙️ icon on the trade console or in the account center.

  • Under "slippage tolerance," input your max slippage (%) for each order type.

The default slippage settings are:

  • 1% for market and TP orders.

  • 5% for stop market and SL orders.


More Settings

In addition to the page layout and slippage settings, Traders can also set the following:

General Settings (Settings Panel):

  • Order Notifications: Decide if you want to receive order placement, fills, and cancellation notifications.

  • Order Lines: Decide if you want to see the order lines on the price chart.

If you are looking to get notifications to your social accounts (Discord, Telegram, or email), you can set up Notifi by clicking on the 🔔 icon in the account center.

Advanced Order Settings (Trade Console)

  • Reduce-Only (Available for Market & Limit Orders): Reduce-Only orders can only decrease the size of your position. The order will fail if it creates or adds to a position.

  • Post-Only: Post-only orders can only add liquidity to the market. The order will fail if it takes liquidity (i.e., is a taker order).

  • Time In Force (Available for Limit Orders): Choose an expiration time with ‘Good Til' or change the behavior of order fills with ‘Immediate or Cancel (IOC)’ or ‘Fill or Kill (FOK).'

To learn more about TP / SL please visit tutorial.

Take Profit & Stop Loss
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