# About Tradoor

Tradoor is the fastest and friendliest way to trade Options and Perps on web, mobile, and Telegram. Get started with less money upfront, and enjoy private, one-tap trades, with no hidden costs.

### Why trade on Tradoor?

* **Turbo-speed trades:** Orders are confirmed in just 50ms.
* **No hidden costs:** The price you see is locked the moment you order.
* **Multi-chain access:** Coming to a chain near you, starting on TON.
* **Unrivaled security:** Our AI-enhanced liquidity shield protects you from toxic flow.
* **Your onchain privacy is protected:** Nobody can spy on your orders or front-run you.
* **Trade on autopilot:** Quant AI (coming soon) is a premium trading assistant designed to help you win more trades. Talk to it by text or voice to set your strategy, and it will trade for you 24/7 - even while you sleep.

### How Tradoor works

Tradoor is designed to be the simplest way to trade crypto with leverage, with easy on-boarding for millions of users.

By applying machine learning and rigorous safety measures throughout the trading engine, users can trade with confidence - protecting traders, LPs, and the protocol from unexpected market changes.

Risk control of liquidation for both traders and LPs, alongside a battle-tested Auto Deleveraging (ADL) system, acting as a fail-safe for extreme market conditions. This ensures the protocol remains free from counterparty risk and maintains insolvency resistance.

Tradoor is available on web, mobile, and Telegram, providing complete trading functionality on any device.<br>


# NDMM Pricing Mechanism

Normal Distribution-Based AMM (NDMM) Pricing Mechanism

1 When users open, close, or are liquidated from positions, liquidity providers (LPs) always passively become the counterparty, transacting at the same price.

2 The deviation rate (DR) for a trading pair is calculated using the following algorithm:

* The trading pair's LP = Total TLP size \* Trading pair's proportion
* The trading pair's long positions (LONG) = Total value of long positions for that trading pair
* The trading pair's short positions (SHORT) = Total value of short positions for that trading pair
* The trading pair's LP exposure (EXPOSURE) = LONG - SHORT

The formula is as follows:

* Trading Pair Deviation Rate (DR) = LP exposure value / The trading pair's LP= (LONG - SHORT) / The trading pair's LP

For example:

* Trading Pair: BTC/USDT
* LP for BTC/USDT: 10,000,000 USDT
* LONG: 1,000,000 USDT
* SHORT: 400,000 USDT
* EXPOSURE = LONG - SHORT = 600,000 USDT

Then in this case the DR for BTC/USDT would be **600,000/10,000,000=0.06**

OI limit = The trading pair's LP \* MULTIPLIER

ADL：

* EXPOSURE > The trading pair's LP&#x20;

3 The perpetual contract's price premium rate (PR) is determined by the deviation rate (DR) and a premium rate function, i.e., PR is a function of DR, which is decided by the liquidity data and system parameters. Notably, when DR = 0, PR = 0, meaning that when the deviation rate of the trading pair is zero, the contract's premium rate is zero.&#x20;

4 The premium rate function f(x) is an antisymmetric function and should be positively correlated with the deviation rate.&#x20;

Based on the risk-neutral principal, we assumed the Deviation Rate of perpetual contract follows Normal distribution, thus the probability density function has following format:

$$
f(x)=\frac1{\sqrt{2\pi}}e^{-\frac{x^2}2}
$$

<div align="center" data-full-width="false"><figure><img src="https://lh7-us.googleusercontent.com/FX6xbI9p-zOd6PENgA-aSOfTcpHxzIRofg4-9mx65WzrcJJOtnOwgU_FhnCK4DG_oScwVnk7I3ZXFP-NQ_EJbcapR7vDxpGvhXWb_8neeL34voI2Y6Ubr793095zc5lisbmFpIhbhdDrkh1j3yu7HGU" alt=""><figcaption></figcaption></figure></div>

The Premium Rate Function should represent the accumulation of the contract's Deviation Rate. Thus, we performed an integration on the distribution of the deviation rate. As a result, we obtained the Premium Rate Function, which exhibits the characteristics of a cumulative normal distribution function N(x).

$$
PR(x)=\int\_0^x\frac1{\sqrt{2\pi}}e^{-\frac{u^2}2}\mathrm{d}u=N(x)-0.5
$$

<figure><img src="https://lh7-us.googleusercontent.com/ETuNBQ49BMmOB476rQTmwQhoDeXMQNifIEKlkkv51BpDfWlTpcOUu_UdGwIV0cvzvJ74NAn81rS2U7sozoeTfMZHxW8A-KOQVMVPVbjeVCG6lz74-6J0sgN4pcU7jbiuEui__TyePNmhTDk1R4SebO8" alt=""><figcaption></figcaption></figure>

Exact Premium Rate Function is determined by some inner configurations such as premium\_cap etc.&#x20;

Characteristics of the Premium Rate Function:

* It is an antisymmetric function.
* It is positively correlated with the degree of deviation, exhibiting a monotonically increasing relationship.&#x20;

The average transaction price:&#x20;

$$
P\_{a\nu g}=(1+(PR\_0+PR\_1)/2)P\_{index}
$$

where PR0 is the premium rate before the transaction, and PR1 is the premium rate after the transaction.&#x20;

Perpetual contract price formula:&#x20;

$$
P\_{contract}=(1+PR)P\_{index}
$$

<br>


# Funding Rate

The Funding Rate is calculated and charged/paid hourly, and the specific calculation formula is:

$$
FundingRate=\[APR+clamp(InterestRate-APR,0.05%,-0.05%)]/8
$$

* PR is calculated every 5 seconds. &#x20;
* Average Premium Rate (APR) = (1\*PR\_1 + 2\*PR\_2 + 3\*PR\_3 +…+ n\*PR\_n) / (1+2+3+…+n)
* n∈\[1, 720], if n reaches 720, it means a whole calculation circle is finished, and the Funding Rate would be executed with this exact value.


# Auto Deleveraging (ADL)

If positions in a certain direction are instantaneously closed with large volumes, it could lead to a scenario where the net exposure exceeds that of the Liquidity Provided. In such cases, to ensure that traders' profits have a counterparty for settlement, it's necessary to forcibly reduce positions exceeding the liquidity provided, ensuring that both long and short positions on the platform have counterparties.

ADL (Auto-Deleveraging) Ranking:

* Contracts with the largest exposure value are prioritized for ADL.
* Positions opposite to the LP's exposure direction are chosen.
* Positions are ranked by leverage profit rate:
  * For profitable users: Position profit rate \* leverage ratio.
  * For losing users: Position profit rate / leverage ratio.
* ADL stops when the exposure value of all contracts is zero.
* ADL execution price = Contract price at the time of trigger.&#x20;

$$
P\_{adl}=(1+PR\_0)P\_{index}
$$

<br>


# Tradoor Liquidity Provider

The Tradoor Liquidity Provider （TLP）absorbs all losses resulting from LP risk exposure until it is depleted.&#x20;

The TLP's income comes from 3 sources:

* A portion of transaction and liquidation fees (maintenance margin)
* Income from funding fees due to LP exposure
* The profits and losses of all traders
* The TLP's profit and loss rate x = TLP net value / TLP shares

TLP subscription:

* Non-leveraged subscriptions are allowed, with redemption available after locking for 10 days.
* If the TLP is not at a loss (x >= 1), the principal invested and subscription shares are 1:1.
* If the TLP is at a loss (x < 1), the loss rate is x, and the ratio of principal invested to subscription shares is 1:1,  and calculate a loss subscription incentive b = b + s(1-x) \* principal\_invested

where s is the TLP loss subscription incentive coefficient, with a default value of 1 and is configurable.

TLP redemption:

* If the TLP is at a profit (x >= 1),&#x20;
  * If b = 0,\
    Redemption Amount = redemption\_shares \* (1+r(x-1)\*min(n, 100)\*0.1%)
  * If b > 0,\
    Redemption Amount = redemption\_shares + max{min\[redemption\_shares \* (x - 1), b], redemption\_shares \* r \* (x-1) \* min(n, 100) \* 0.1%}

b = max(0, b - max{min\[redemption\_shares \* (x - 1), b], redemption\_shares \* r \* (x-1) \* min(n, 100) \* 0.1%})

* If the TLP is at a loss (x < 1),&#x20;
  * the redemption amount = redemption shares \* x
  * b remains unchanged

\* r is the TLP lock-in redemption incentive coefficient, with a default value of 1 and is configurable, up to a maximum of 10.

<br>


# Audits

We're fully committed to transparency, security, and trust, which is why Tradoor's onchain smart contracts and token have undergone comprehensive audits by top-tier auditors.

## Smart Contract Audit Report

<table><thead><tr><th width="203.9801025390625">Description</th><th width="163.463623046875">Auditor</th><th>Audit Type</th><th>Time</th></tr></thead><tbody><tr><td><a href="https://www.tonbit.xyz/reports/Tradoor-Smart-Contract-Audit-Report-Summary.pdf">v.1.0 Protocol Report</a></td><td>TonBit</td><td>Smart Contract</td><td>May 2024</td></tr><tr><td><a href="https://github.com/Zellic/publications/blob/master/Tradoor%20-%20Zellic%20Audit%20Report.pdf">v3.0 Protocol Report</a></td><td>Zellic</td><td>Smart Contract</td><td>May 2025</td></tr></tbody></table>

### $TRADOOR Token Audit Report

<table><thead><tr><th width="165.3948974609375">Description</th><th width="145.3397216796875">Auditor</th><th>Contract</th></tr></thead><tbody><tr><td><a href="https://scalebit.xyz/reports/20250902-Tradoor-BSC-Vesting-Final-Audit-Report.pdf">v.1.0 Report</a></td><td>ScaleBit</td><td>0x9123400446a56176eb1b6be9ee5cf703e409f492</td></tr></tbody></table>


# Oracles

Tradoor is now integrated with Pyth Network, one of the most trusted oracle networks for high-frequency, real-time price data, helping to deliver smarter trades, fairer pricing, and a more transparent

### What is an Oracle?

Pyth is a decentralized oracle network that delivers high-quality, real-time price feeds directly from market participants like trading firms and exchanges. These feeds power decentralized apps with accurate and timely external data—essential for functions like trading, liquidations, and pricing.

Unlike traditional oracles, Pyth uses a Pull model, which means Tradoor actively fetches only the price updates it needs. This ensures greater control, speed, and cost-efficiency.

* **Extensive Data Sources:** By tapping into a rich repository of financial data from nearly a hundred reputed first-party sources, Pyth ensures users receive data reliability.
* **Precision with Sub-Second Aggregation:** New standard in data accuracy by aggregating price information several times every second, thanks to Pyth Network’s robust infrastructure.

Learn more about Pyth’s Pull model [here](https://docs.pyth.network/price-feeds/pull-updates).

### Why This Integration Matters

With Pyth’s integration, users on Tradoor can now benefit from:

* **More Accurate Pricing:** Trades are now backed by ultra-low-latency, institutional-grade price data for assets like BTC, ETH, TON, and more.
* **Fairer Executions:** Especially in fast markets, real-time price updates reduce the risk of slippage and price manipulation.
* **Increased Reliability:** By pulling prices directly from Pyth’s verified sources, Tradoor ensures users trade with data they can trust.
* **On-Chain Transparency:** Every price feed fetched can be independently verified on TON, keeping the process open and accountable.

### How We Use Oracles

Tradoor pulls real-time prices from Pyth’s network directly using smart contracts deployed on TON. This data is used to:

* Trigger price-based events in options and PvP trades;
* Calculate PnL with greater accuracy;
* Display up-to-date market prices on the trading UI.


# User Guide

{% content-ref url="/spaces/7muPKbcjseMnww8CSSyX" %}
[Tradoor Mini App User Guide](https://docs.tradoor.io/tradoor-user-guide-v2/)
{% endcontent-ref %}


# Get started on Tradoor

Tradoor is the easiest way for you to trade crypto with leverage.

**Options - trade&#x20;*****within*****&#x20;a time limit**\
Options allow you to buy or sell an asset at a set price on or before a specific date.

**Perps - trade&#x20;*****without*****&#x20;a time limit**\
Perps, or perpetual futures, let you speculate on an asset's price with leverage, without ever having to own the asset or worry about a set expiration date.

### About Tradoor

Tradoor is the first onchain protocol to combine Options and Perps into a single, user-friendly tool on web, mobile, and Telegram.&#x20;

User benefit from zero pricee slippage, fast confirmations, and low gas fees using a unique "Price Lock" mechanism, and an AI-enhanced "Liquidity Shield" ensures fair pricing and a high order success rate. &#x20;

The protocol's contributors are based around the world, with expertise from both TradFi and DeFi, and support from global investors, such as Kenetic Capital, TON Ventures, and more.


# How do I make my first trade on Tradoor?

Welcome to Tradoor! Let’s set you up to start trading.

Here are the first three things to do in order to be able to trade on Tradoor:

1. **Start by connecting your wallet to Tradoor.** If you need more detailed help on this, please go to our [**“How do I set up my wallet to start trading on Tradoor”**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/how-do-i-set-up-my-wallet-to-start-trading-on-tradoor) section.
2. **Ensure that there is enough TON in your wallet** to pay for fees, and USDT to trade.\
   If you are using Telegram wallet and need more detailed help on this, please go to our [**“How do I add funds to my Telegram wallet”**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/how-do-i-add-funds-to-my-telegram-wallet) section.
3. If it’s your first time trading cryptocurrency on TON, we recommend you **read our “Trading Perps 101” section and “Trading Options 101” section** to have a better understanding on how to engage with our product.

Aside from that, here are our recommendations if you are new to trading crypto as a beginner:

**(a) Educate Yourself:** Resources like books, online courses, and reputable websites can help, but we recommend you read up on this doc, and keep your eyes peeled for our weekly Education Bites that provide bite-sized pieces of crypto knowledge that are taken from commonly asked questions in our Tradoor community!

**(b) Start Small:** Begin with a small investment that you can afford to lose. This helps you learn without taking on too much risk.&#x20;

**(c) Set Clear Goals:** Determine what you want to achieve with trading. Are you looking for short-term profits, or do you want to hold for the long term?

**(d) Diversify Your Portfolio:** Don’t put all your funds into one cryptocurrency. Spread your investments across different assets to mitigate risk.

**(e) Stay Updated:** Follow crypto news and trends. Market sentiment can change rapidly, and being informed helps you make better decisions.

**(f) Use Technical Analysis:** Familiarize yourself with basic chart patterns and indicators. This can help you make more informed trading choices.

**(g) Be Mindful of Security:** Use Telegram’s two-factor authentication to protect your account.

**(h) Control Your Emotions:** Trading can be volatile. Remember to take your time, don’t allow your fear or greed to rush you into trades, and make informed decisions - not impulsive ones!

**(i) Practice with Simulators:** Consider using demo accounts or trading simulators to practice without risking real money.

**(j) Join a Community:** We encourage you to join our Telegram news channels and follow our Twitter to be a part of our vibrant community! We pride ourselves on being an exchange that highly values their relationship with traders, and does listen and take into account what our traders say.&#x20;

<br>

\ <br>

\ <br>

<br>


# How do I set up my wallet to start trading on Tradoor?

If it's your first time trading on Telegram, you need a TON wallet to send and receive fees. Here's how to set it up:

Firstly, you need a **TON wallet** such as MyTonWallet, Tonhub or TonKeeper. You can also use the wallet directly in Telegram (@wallet), no third party apps required!&#x20;

<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdp_2CZdmXnoxoO9ctsM9CcIsNlzu9nVeEAUNRlFF0pNxo7ImT3feLtR26sufS_stPUUP74h_UQjgrVnEIGF8_Elj7YvxauSuNf1M7cNsZDwz--x_psWohGEvH2W2oIpsocRKxehLfG6fpn5cVc-pj53wEk?key=AjHljL4E58k2V3zq65rebA" alt="" data-size="original">

You also need **$TON to pay for fees** and **USDT to trade**, which you can buy directly in the Telegram wallet using fiat currencies. Simply go to your WALLET and tap on “ADD CRYPTO”.&#x20;

***

### How to enable TON Space in Telegram wallet

If you are using a Telegram wallet, you will need to **enable your TON Space** and send some $TON and USDT to it.

In the wallet tab,

1️⃣ Tap **send** (the round blue button with an arrow).

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfHdvc_9heHPiOQybanKdF6Scg3TD9vBfw_butLNCRFs0PYV0pcS6BLogvV8ADGF48T2qsHA--KrEpm8RtLekMW9-KHd5NIbb8GvqaiH5hBr8XTimi31tYqbXvqJsC6g2KgBvxw8AWSrIKIkNEA5e5CvCGp?key=AjHljL4E58k2V3zq65rebA)

2️⃣ In "Choose how to send crypto", select **"Your TON Space"**.

<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcYfHQ81gNjLuvtTgHQoEaCND5fUqzwxgNhG2cX_imqjKBRzjc7hJfTS1BdQ6Kcoa0GX07m_jFB_m0mRT2Kxl2Tn12ImchiztUGsJ7RXALaS2AszPn90bh8wijXuvt3fWX8D0i1soGhoLZADUXYkBh1N0Ie?key=AjHljL4E58k2V3zq65rebA" alt="" data-size="original">

3️⃣ In "Choose an asset to send", select **Dollars** or **Toncoin**.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXeYcA7xLNF_krXOAIiVkJsgxDcxkWOOmDioH_Pvptk43AsUHIXCfgqUvKa__1dT2ncHG2afL-Ik-3tOOp2oU6w5gyivz_EBpJOPZOEj6uvuIbfU2rzqK_K-4MhML2kegL5dWD13DQrxsg5ly8sbLGJ_JgbY?key=AjHljL4E58k2V3zq65rebA)

4️⃣ You will then see a tab that says: "Send to your TON space". Enter the amount you'd like to add, tap enter, and you're done!

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXcykjskmfpeW50eMBXFk1cPzw6qCCu_LfJ8JA2VkA8W8Y_uBD0Fec-_d6mILTgiI8NTmp8ZtwaKgi7pY9Um4cdtULgPCTsoUdJyaPe-YuRL-a-4kFZNlzcK4zyGMpZu-r8bMqLmGMwLm5Ad8rqO43WnQd_d?key=AjHljL4E58k2V3zq65rebA)

\ <br>


# How do I add funds to my Telegram wallet?

If you're using Telegram wallet to trade, here's how to add crypto.

You can add funds to your Telegram wallet in several ways.

### Add crypto by buying crypto

1. Go to your wallet (@wallet) and select "Add Crypto."
2. Choose “Buy Crypto”.
3. Select an asset to buy. We recommend USDT and Toncoin if you are just starting out, as you will need both currencies to trade on Tradoor.
4. Select your payment currency.
5. Enter your banking details.
6. Funds will be transferred and will appear in your wallet shortly.

### &#x20;Add crypto by transferring funds

1. Go to your wallet (@wallet) and select "Add Crypto."
2. Choose "External Wallet."
3. Select the token you want to receive and press "Continue."
4. Choose the network (use TON for low fees and compatibility).
5. Copy the provided address.

#### If transferring funds from Binance:

1. Go to "Wallet."
2. Select "Withdraw."
3. Choose the crypto to withdraw.
4. Select "Send via Crypto Network."
5. Fill in the Address, Network, and withdrawal amount.
6. Click "Withdraw" and complete verification.<br>

*Please allow some time for the funds to transfer and appear in your wallet.*

<br>


# Trading Options 101

What's the difference between Options Classic and Options DNT? What do the different symbols mean? How do I profit? We answer your FAQ about Options and more.

<table data-view="cards"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-cover data-type="files"></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td>What is Options Trading?</td><td></td><td></td><td><a href="/files/pubb8l5IMjrl39g7xSgE">/files/pubb8l5IMjrl39g7xSgE</a></td><td><a href="/pages/MKDJEARXyk2xHqRnbkBc">/pages/MKDJEARXyk2xHqRnbkBc</a></td></tr><tr><td>How to navigate Tradoor's Classic Options Page</td><td></td><td></td><td><a href="/files/kk2OPE4euuCv3cLJ9UWO">/files/kk2OPE4euuCv3cLJ9UWO</a></td><td><a href="/pages/VVcoOuwP0sM8G9y8pZn4">/pages/VVcoOuwP0sM8G9y8pZn4</a></td></tr><tr><td>How do I make my first Classic Options trade?</td><td></td><td></td><td><a href="/files/BEXbLgFAqWsAwZxvhHMW">/files/BEXbLgFAqWsAwZxvhHMW</a></td><td><a href="/pages/AkckrPFSJOhtRHuviPwo">/pages/AkckrPFSJOhtRHuviPwo</a></td></tr><tr><td>How to navigate Tradoor's DNT Options Page</td><td></td><td></td><td><a href="/files/W7Iy6r4O5Ea19MqAqFtB">/files/W7Iy6r4O5Ea19MqAqFtB</a></td><td><a href="/pages/8ZxqO8qNFryGPllQJaxA">/pages/8ZxqO8qNFryGPllQJaxA</a></td></tr><tr><td>How do I make my first DNT Options trade?</td><td></td><td></td><td><a href="/files/myw5AT9OGiZRFtQ2BV2G">/files/myw5AT9OGiZRFtQ2BV2G</a></td><td><a href="/pages/oFAQbgfZE42M4Wl6kO6v">/pages/oFAQbgfZE42M4Wl6kO6v</a></td></tr><tr><td>How do I make a profitable trade in Options?</td><td></td><td></td><td><a href="/files/NNHFjr6aya4dWlPXph9D">/files/NNHFjr6aya4dWlPXph9D</a></td><td><a href="/pages/x9KKvfA38aMjHbyQz7MT">/pages/x9KKvfA38aMjHbyQz7MT</a></td></tr></tbody></table>


# What is Options Trading?

## FAQs

* [**What is Options - Classic?**](#what-is-options-classic)
* [**What is Options - DNT?**](#what-is-options-dnt)
* [**What is the difference between Classic Options and DNT Options?**](#what-is-the-difference-between-classic-options-and-dnt-options)
* [**How do I use my Options Voucher?**](https://app.gitbook.com/o/EasHOd9iuJgDzQz2K4tU/s/7muPKbcjseMnww8CSSyX/~/changes/4/how-to-trade-on-tradoor/trading-options-101/how-do-i-use-my-options-voucher)

***

## What is Options - Classic?

1. Classic Options contracts in crypto give traders the right (but not the obligation) to buy or sell an asset at a set price within a specific timeframe.
2. There are two types: call options for buying and put options for selling.
3. Traders use options to hedge against volatility or to speculate with limited risk. However, options can expire worthless, so choosing the right strike price and expiration date is crucial.

***

## What is Options - DNT?

1. Options DNT is structured with two price levels (upper and lower), and both of these levels are set above and below the current market price of the crypto asset.
2. The primary condition for the option to pay out is that the price of the asset must never touch or breach either of these two levels during the option's lifetime. This means the price must remain between the two levels for the entire duration of the option.
3. If the price of the cryptocurrency stays within the two specified boundaries (i.e., it does not "touch" either level), the holder of the option receives a predetermined payout at expiration. If the price hits or exceeds one of the levels, the option expires worthless.
4. DNT options are typically used by traders who believe the price of the cryptocurrency will remain stable within a certain range and will not experience extreme volatility that would push it past the upper or lower barriers.

***

## What is the difference between Classic Options and DNT Options?

The main difference between classic options and Double No Touch (DNT) options lies in their structure, payout conditions, and how they are used in trading. Let’s break it down:

### **1. Basic Structure:**

* **Classic Options (Call and Put options):**
  * Call: Buy asset at a set price.
  * Put: Sell asset at a set price.
  * These are based on the price moving up or down.
* **Double No Touch Options:**
  * Involves two price barriers.
  * Pays out if the price stays within these levels without touching either one.

### **2. Payout Conditions:**

* **Classic Options:**
  * Call: Payout if the price is higher than the strike price.
  * Put: Payout if the price is lower than the strike price.
  * Expires worthless if out of the money (price does not reach the strike price for calls or puts).
* **Double No Touch Options:**
  * Payout if the price stays between the two barriers.
  * Expires worthless if the price breaches either barrier.

### **3. Risk and Strategy:**

* **Classic Options:**
  * Bet on price rising (Call) or falling (Put).
  * Clear profit potential based on price movement
* **Double No Touch Options:**
  * Bet on price staying stable within a range.
  * Higher risk if price touches either barrier.

### **4. Market Conditions for Use:**

* **Classic Options:**
  * Best for volatile markets with expected price movement.
* **Double No Touch Options:**
  * Best used in low-volatility or sideways market.

### **5. Premiums and Payouts:**

* **Classic Options:**
  * Premium based on volatility and time until expiry.
  * Potential for large payouts if the price moves significantly
* **Double No Touch Options:**
  * Higher premium due to the added risk.
  * Fixed payout if price stays within the range.

### **Summary of Differences:**

| Feature            | Classic Options                             | Double No Touch Options                                       |
| ------------------ | ------------------------------------------- | ------------------------------------------------------------- |
| Type of Option     | Simple, directional (Call/Put)              | Two barriers (upper and lower)                                |
| Payout Condition   | Profit if price is above/below strike price | Profit if price does not touch or breach either barrier level |
| Market Expectation | Expect price to rise (Call) or fall (Put)   | Expect price to stay within a range (low volatility)          |
| Risk               | Limited to the premium paid                 | High risk if price touches/breaches barriers                  |
| Use Case           | Common in volatile markets                  | Common in stable or range-bound markets                       |
| Premium            | Depends on volatility and time to expiry    | Higher premiums due to higher risk                            |

In short, classic options are simpler and are based on the price moving in a specific direction, while Double No Touch options are more complex and require the price to remain within a specific range without touching the predefined barriers.

<br>


# How to navigate Tradoor's Classic Options Page

We break down each of the elements in the page and how to interact with them.

**Here's a quick directory at a glance:**

<div align="left"><figure><img src="/files/YcLhNBnZe1GJJyuFNT40" alt="" width="375"><figcaption></figcaption></figure></div>

## Classic Options Trading Page Terms Definitions

[**(A) Symbol**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-classic-options-page/what-does-symbol-mean)

[**(B) Expiry**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-classic-options-page/what-does-expiry-mean)

[**(C) Strike Price**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-classic-options-page/what-does-strike-price-mean)

[**(D) Options Price Chart**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-classic-options-page/what-does-the-options-price-chart-mean)

* What do "Strike Prices" mean?
* What do "Volume and Open Interest" mean?
* What do "Timeframes" mean?

[**(E) Call and Put**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-classic-options-page/what-do-call-and-put-mean)

* What are "Call" options?
* What are "Put" options?

[**(F) Positions and History**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-classic-options-page/what-do-positions-and-history-mean)

* What information does the positions tab contain?
* What information does the history tab contain?


# What does "Symbol" mean?

## **(A) Symbol**

<div align="left"><figure><img src="/files/BPC6jzABmNCTKNEaRh7b" alt="" width="130"><figcaption></figcaption></figure></div>

You can choose which option pairs to trade with in this section. Current pairs consist of: BTC/USDT, ETH/USDT, and TON/USDT.&#x20;

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXd9k5AlnhSDqqKLsFo1Ptg0hfWf1ZuMEEucvb7mTUqrZYQS6ecpteFATdvp2f1XYdTeZ38DB9Xzks9ZefYl5eDzEhJVgvWghvy3No1bC2XcaFpgNbVkzN-Js6dFe-5oP5GW8UY79DwRBzdKZIV1RqRcIWg?key=AjHljL4E58k2V3zq65rebA)

<br>


# What does "Expiry" mean?

## (B) Expiry

<div align="left"><figure><img src="/files/OMc7ZS8d9KJaZhbkZcl8" alt="" width="73"><figcaption></figcaption></figure></div>

You can choose the duration by which you contract will expire.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXcTnraRB__xuV35K6EzwtNYVMq-rcKnpMkw30ytwgeXQaYQLZ4DJT8_t6I3Ldpr95_Vpqn-zlpRQaYmPy8P9w_MpDyGdo0w_JxnWdKFcPerx7im4oRnx7nZQqWwGsSRrTFerswN2y5ju-0yLyWJ6T5qHZ7O?key=AjHljL4E58k2V3zq65rebA)<br>


# What does "Strike Price" mean?

## **(C) Strike Price**

<div align="left"><figure><img src="/files/77ZDRdikesu5quEXz35i" alt="" width="109"><figcaption></figcaption></figure></div>

The strike price is the predetermined price at which an options contract can be exercised.

In the context of call options, it's the price at which the option holder can buy the underlying asset. For put options, it's the price at which the holder can sell the asset.

**For example:**\
*If you hold a call option with a strike price of $50 for a stock, you have the right to buy that stock at $50, regardless of its current market price.*

The strike price is a crucial factor in determining whether an option is "in the money" (profitable to exercise), "at the money" (current market price equals the strike price), or "out of the money" (not profitable to exercise).

<br>


# What does the "Options Price Chart" mean?

## FAQs

* [**What do "Strike Prices" mean?**](#id-1.-strike-prices)
* [**What do "Volume and Open Interest" mean?**](#id-2.-volume-and-open-interest)
* [**What do "Timeframes" mean?**](#id-3.-timeframes)

***

## **(D) Options Price Chart**

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXd8rgNxj46jZAODtLOhNkQnc820Ov6MuiEl_qsZ9eyj1-8e72QtcPQuZatwIjO1sY2tublXV_7qJyhb_dKKPsRVbulnQfmpLZ2X57aoNa9pTmRW9ziBCPP3IzzLjXUFWtH5PtzPZrc9ro8izsNwAmYcE50t?key=AjHljL4E58k2V3zq65rebA)

An options price chart in the context of crypto is a graphical representation that shows the prices of various options contracts for a specific cryptocurrency over time.\
\
These charts help traders assess potential strategies, such as buying or selling options, by visualising how prices change and identifying trends or patterns in the market. They are essential tools for options traders looking to make informed decisions. This chart includes several key features:<br>

### **1. Strike Prices**

The predetermined prices at which the underlying asset can be bought (call options) or sold (put options).<br>

### 2. Volume and Open Interest

Indicators of how actively the options are being traded and how many contracts are currently open.<br>

### 3. Timeframes

The numbers showing time on top of a price chart typically represent the time intervals for the data displayed in the chart.\
\
The numbers often correspond to specific time intervals, such as minutes, hours, days, or weeks. For example, a number like "1D" might indicate that each candlestick or bar on the chart represents one day of trading data.

<br>


# What do "Call" and "Put" mean?

## FAQs

* [**What are "Call" Options?**](#call-options)
* [**What are "Put" Options?**](#put-options)

***

## **(E) Call and Put**

<div align="left"><figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc_lqx000--637IjgDyy1opWYVdJ15b0P5fluAiS8gGj5qX4Tfp3_asQrhiVmsvAXVea00ycn-bm7LqbDSQUZUaPxSL2kBENy7sIdSTm-9CprWWc1ysg5wlvY7bXyPIeKKZhMEkx7YR92iSFdExg_4o8s6q?key=AjHljL4E58k2V3zq65rebA" alt="" width="375"><figcaption></figcaption></figure></div>

In the context of trading options, “Call” and “Put” refer to two types of options contracts that give traders different rights regarding the underlying asset.

***

### Call Options:

* Definition: A call option gives the holder the right (but not the obligation) to buy the underlying asset (e.g., a stock or cryptocurrency) at a specified price (the strike price) before or on a certain expiration date.
* When to Use: Traders typically buy call options when they expect the price of the underlying asset to rise. If the asset's price exceeds the strike price, the holder can exercise the option to buy at the lower strike price, potentially selling it at the higher market price for a profit.

***

### Put Options:

* Definition: A put option gives the holder the right (but not the obligation) to sell the underlying asset at a specified price before or on a certain expiration date.
* When to Use: Traders buy put options when they anticipate that the price of the underlying asset will fall. If the asset's price drops below the strike price, the holder can exercise the option to sell at the higher strike price, thereby minimising losses or potentially profiting from the price decline.

***

### Summary:

\- Call Options = Right to Buy (bullish outlook)

\- Put Options = Right to Sell (bearish outlook)

Both types of options can be used for various strategies, including speculation, hedging, and income generation.

<br>


# What do "Positions" and "History" mean?

## **FAQs**

* [**What information does the positions tab contain?**](#positions-tab)
* [**What information does the history tab contain?**](#history-tab)

***

## **(F) Positions and History**

## ![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXe6zTp-cXYUvexxZwYnccHWKBeDIKbe0pVMlHvMkw9iL0b21zEKvoFG5bBZNk6hYgwf6jjcnsvT5_pBJPQphtFLc9_VDRJsRlVvv-L2V3mxbZR9nomgrEWSGACNBIZNBHpft7n_7AOLk6izaJEG8vCUrfs?key=AjHljL4E58k2V3zq65rebA)

### Positions Tab:

Definition: This tab displays the current open options contracts you hold.

Information Included:

* Strike Price: The predetermined price at which you can buy (call) or sell (put) the underlying asset.<br>
* Expiration Date: When the options contracts will expire.<br>
* Premium Paid: The cost you paid to purchase the options.<br>
* Current Value: The market value of the open positions based on current prices.<br>
* Profit/Loss: The unrealized profit or loss for each position, showing how much you would gain or lose if you closed the position at that moment.

***

### History Tab:

Definition: This tab provides a record of past transactions related to your options trading.

Information Included:

* Executed Trades: Details of options you have bought or sold, including dates and times.\ <br>
* Premiums Paid/Received: The amounts associated with your past trades.\ <br>
* Opening Prices: Prices at which you entered positions\ <br>
* Closing Prices: Prices at which you exited positions.\ <br>
* Payoff: the financial gain or loss resulting from the trade.\ <br>
* Time Closed: The time at which the Options contract is closed.

***

### Summary:

The Positions Tab helps you monitor your current options holdings, while the History Tab allows you to review your past trades and performance. Both are essential for managing your options trading effectively.

<br>


# How do I make my first Classic Options trade?

#### Follow these steps to make your first trade in Classic Options:

## **Step One: Select between your desired pair and duration of expiry.**

<div align="left"><figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc2nHWc0ZBfIUl9WpfUBspJ0Z22vT4P8uxrWOuqLRolXf3LulZLB51z3QBRdNWyVPPXXUBZWf6YNXQtfadJcLXvhNv0SKuiNnVo5-RhB4DCCCfLctq6SK4oz7587bFeOdejoCd50LT3Lt-BSn7E9_GzqQVU?key=AjHljL4E58k2V3zq65rebA" alt="" width="375"><figcaption></figcaption></figure></div>

<div align="left"><figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeKLYArfUNsKiuAIxb9l2U80xcMvprcO9sAFdjvw8p2CQ5nZk13ou8gbwKoFYI-N7DR3Dg0kZ1MWHESTWIjrdcmLF4HMSzxeufuuPGWbjEG87RQXxUTF0zpsTT-zHrQVTRYQv6dFYiwvrlF_WpqdKtLzTGh?key=AjHljL4E58k2V3zq65rebA" alt="" width="375"><figcaption></figcaption></figure></div>

## **Step Two: Take note of the** [**strike price**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-classic-options-page/what-does-strike-price-mean)**.**

<div align="left"><figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe0n9IuN5JRYbIXrUQkWeKnYWudjPwxef5gcr0sJM0kuHt9qBvhD4_9HWyn4wKKIKVylEuzaSnVFBXX0UGU8LwFoBwp31dk602jS7luIHNGQY8uthwI43HsqeF2CSsZYlEaVnF_YNL6Nr7sDwH1NLk79WU?key=AjHljL4E58k2V3zq65rebA" alt="" width="375"><figcaption></figcaption></figure></div>

## **Step Three: Select** [**“CALL” or “PUT”.**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-classic-options-page/what-do-call-and-put-mean)

<div align="left"><figure><img src="/files/T0RxHEXVtFgLAcfBzuVu" alt="" width="375"><figcaption></figcaption></figure></div>

Select “Call Options” if you have a bullish outlook on the market.

Select “Put Options” if you have a bearish outlook on the market.

If you've completed the steps and confirmed your trade, congratulations!&#x20;

You've successfully placed your first Classic Options trade.

***

### If you need help with setting up your wallet, please have a look at these posts:

<table data-view="cards"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th><th data-hidden data-card-cover data-type="files"></th></tr></thead><tbody><tr><td>How do I make my first trade in Tradoor?</td><td></td><td></td><td><a href="/pages/QRnWKFFyHoF0Dc1jBYnw">/pages/QRnWKFFyHoF0Dc1jBYnw</a></td><td><a href="/files/ksJ7K15DRA3VGTD1BiBC">/files/ksJ7K15DRA3VGTD1BiBC</a></td></tr><tr><td>How do I set up my wallet to start trading on Tradoor?</td><td></td><td></td><td><a href="/pages/EAnW9usIsEmmcPAAmzxZ">/pages/EAnW9usIsEmmcPAAmzxZ</a></td><td><a href="/files/Tdb23uhgNLndv2HHBklp">/files/Tdb23uhgNLndv2HHBklp</a></td></tr><tr><td>How do I add funds to my Telegram wallet?</td><td></td><td></td><td><a href="/pages/X5YqYXeGreNcTOfbV5OE">/pages/X5YqYXeGreNcTOfbV5OE</a></td><td><a href="/files/NdeYZJkRzwsjLqWU3rW9">/files/NdeYZJkRzwsjLqWU3rW9</a></td></tr></tbody></table>


# How to navigate Tradoor's DNT Options Page

We break down each of the elements in the page and how to interact with them.

**Here's a quick directory at a glance:**

<div align="left"><figure><img src="/files/otUnsqXYbPKbrjosYIlC" alt="" width="375"><figcaption></figcaption></figure></div>

## Options DNT Trading Page Terms Definitions

[**(A) Symbol**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-dnt-options-page/what-does-symbol-mean)

[**(B) Expiry**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-dnt-options-page/what-does-expiry-mean)

[**(C) Strike Price**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-dnt-options-page/what-does-strike-price-mean)

[**(D) Trigger**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-dnt-options-page/what-does-trigger-mean)

[**(E) Double No Touch Odds**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-dnt-options-page/what-do-double-no-touch-odds-mean)

[**(F) Options Price Chart**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-dnt-options-page/what-does-the-options-price-chart-mean)

* What do "Strike Prices" mean?
* What do "Volume and Open Interest" mean?
* What do "Timeframes" mean?

[**(G) Positions and History**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-dnt-options-page/what-do-positions-and-history-mean)

* What information does the positions tab contain?
* What information does the history tab contain?


# What does "Symbol" mean?

## **(A) Symbol**

<div align="left"><figure><img src="/files/BPC6jzABmNCTKNEaRh7b" alt="" width="130"><figcaption></figcaption></figure></div>

You can choose which option pairs to trade with in this section. Current pairs consist of: BTC/USDT, ETH/USDT, and TON/USDT.&#x20;

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXd9k5AlnhSDqqKLsFo1Ptg0hfWf1ZuMEEucvb7mTUqrZYQS6ecpteFATdvp2f1XYdTeZ38DB9Xzks9ZefYl5eDzEhJVgvWghvy3No1bC2XcaFpgNbVkzN-Js6dFe-5oP5GW8UY79DwRBzdKZIV1RqRcIWg?key=AjHljL4E58k2V3zq65rebA)


# What does "Expiry" mean?

## (B) Expiry

<div align="left"><figure><img src="/files/OMc7ZS8d9KJaZhbkZcl8" alt="" width="73"><figcaption></figcaption></figure></div>

You can choose the duration by which you contract will expire.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXcTnraRB__xuV35K6EzwtNYVMq-rcKnpMkw30ytwgeXQaYQLZ4DJT8_t6I3Ldpr95_Vpqn-zlpRQaYmPy8P9w_MpDyGdo0w_JxnWdKFcPerx7im4oRnx7nZQqWwGsSRrTFerswN2y5ju-0yLyWJ6T5qHZ7O?key=AjHljL4E58k2V3zq65rebA)


# What does "Strike Price" mean?

## **(C) Strike Price**

<div align="left"><figure><img src="/files/77ZDRdikesu5quEXz35i" alt="" width="109"><figcaption></figcaption></figure></div>

The strike price is the predetermined price at which an options contract can be exercised.

In the context of call options, it's the price at which the option holder can buy the underlying asset. For put options, it's the price at which the holder can sell the asset.

**For example:**\
*If you hold a call option with a strike price of $50 for a stock, you have the right to buy that stock at $50, regardless of its current market price.*

The strike price is a crucial factor in determining whether an option is "in the money" (profitable to exercise), "at the money" (current market price equals the strike price), or "out of the money" (not profitable to exercise).


# What does "Trigger" mean?

<div align="left"><figure><img src="/files/hgAZm2fnkUw73AO3OS5d" alt="" width="187"><figcaption></figcaption></figure></div>

In the context of **DNT (Double No Touch) Options** trading for crypto, the term **"trigger"** typically refers to the specific price level or event that **activates** or **initiates** a particular action within the options contract. This action is what causes the option to either pay out or result in a loss, depending on whether the price reaches or touches the predefined levels.

## Here's how "trigger" works in DNT Options:

If the price exceeds a specific level (the positive and negative values below the trigger box), it could trigger a loss for the trade.

In other words, when the price "touches" or "breaks" through the trigger level, the trade outcome is determined, and the option expires.

***

## What do the index numbers mean?

<div align="left"><figure><img src="/files/hgAZm2fnkUw73AO3OS5d" alt="" width="187"><figcaption></figcaption></figure></div>

Using the above screenshot as an example, the terms **"index -40.0"** and **"index +40.0"** in the **"trigger"** section refer to specific price levels or **price movements** relative to the current market price of the cryptocurrency (such as Bitcoin or Ethereum) that act as triggers for the option.

Let’s break it down:

### **"Index -40.0" and "Index +40.0"**

* **"Index"** in this case likely refers to the current price of the cryptocurrency **relative to a baseline value** (often the **current price**).
* **"Index -40.0"** means the **trigger level is 40 points below** the current price.
* **"Index +40.0"** means the **trigger level is 40 points above** the current price.

### Example:

If Bitcoin is currently priced at **$30,000**, here's how the **"index"** values would work:

* **"Index -40.0"**: This means the price level is set **40 points lower** than the current price, or **$29,960** (30,000 - 40).
* **"Index +40.0"**: This means the price level is set **40 points higher** than the current price, or **$30,040** (30,000 + 40).

These levels become important in the context of **Double No Touch (DNT) Options**. With a **DNT Option**, you are betting that the price **won’t touch** or **reach** these trigger levels (**-40.0** or **+40.0**) within a certain time frame. If the price touches or exceeds either of these levels, the option would trigger a **loss** for the position.

***

## Summary:

* **"Trigger"** refers to the price level or event that activates a specific action in the trade (either a payout or a loss).
* In **DNT options**, a trigger is the price point where, if reached, the option either becomes invalid or results in a loss.
* Understanding triggers helps you track when your option might expire or activate based on the price movement of the asset (crypto in this case).


# What do "Double No Touch Odds" mean?

<div align="left"><figure><img src="/files/ESfR35dVeYo9OUSNh27m" alt="" width="186"><figcaption></figcaption></figure></div>

In the context of **DNT Options** trading (or any type of options trading), **"Odds"** represent the probability of an outcome happening, as well as the **potential payout** you can receive based on the trade's outcome.

The odds are a key part of determining the **risk-reward ratio** for your trade.

## Here's how **Odds** work in DNT (Double No Touch) Options:

* **Odds** tell you how much you can potentially win compared to your stake if the option expires in your favor.

## Example with DNT Options:

Imagine you're trading a **Double No Touch** (DNT) option where:

* The current price of Bitcoin is **$30,000**.
* You bet that the price will not touch the price levels of **$25,000** or **$35,000** by the end of the option’s time frame.

If the **odds** for this bet are **250%**, it means if you place a $100 bet you will get $250 if you profit.

***

## Summary

#### In short:

* You predict that the price will **stay within** a certain range.
* You win if the price **never touches or exceeds** either of the two set price levels.
* The **odds** (shown on the trading page) tell you how much you could earn relative to your stake.
* Higher odds = riskier but higher reward.
* Lower odds = safer but smaller reward.


# What does the "Options Price Chart" mean?

## FAQs

* [**What do "Strike Prices" mean?**](#id-1.-strike-prices)
* [**What do "Volume and Open Interest" mean?**](#id-2.-volume-and-open-interest)
* [**What do "Timeframes" mean?**](#id-3.-timeframes)

***

## **(D) Options Price Chart**

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXd8rgNxj46jZAODtLOhNkQnc820Ov6MuiEl_qsZ9eyj1-8e72QtcPQuZatwIjO1sY2tublXV_7qJyhb_dKKPsRVbulnQfmpLZ2X57aoNa9pTmRW9ziBCPP3IzzLjXUFWtH5PtzPZrc9ro8izsNwAmYcE50t?key=AjHljL4E58k2V3zq65rebA)

An options price chart in the context of crypto is a graphical representation that shows the prices of various options contracts for a specific cryptocurrency over time.\
\
These charts help traders assess potential strategies, such as buying or selling options, by visualising how prices change and identifying trends or patterns in the market. They are essential tools for options traders looking to make informed decisions. This chart includes several key features:<br>

### **1. Strike Prices**

The predetermined prices at which the underlying asset can be bought (call options) or sold (put options).<br>

### 2. Volume and Open Interest

Indicators of how actively the options are being traded and how many contracts are currently open.<br>

### 3. Timeframes

The numbers showing time on top of a price chart typically represent the time intervals for the data displayed in the chart.\
\
The numbers often correspond to specific time intervals, such as minutes, hours, days, or weeks. For example, a number like "1D" might indicate that each candlestick or bar on the chart represents one day of trading data.

<br>


# What do "Positions" and "History" mean?

## **FAQs**

* [**What information does the positions tab contain?**](#positions-tab)
* [**What information does the history tab contain?**](#history-tab)

***

## **(F) Positions and History**

## ![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXe6zTp-cXYUvexxZwYnccHWKBeDIKbe0pVMlHvMkw9iL0b21zEKvoFG5bBZNk6hYgwf6jjcnsvT5_pBJPQphtFLc9_VDRJsRlVvv-L2V3mxbZR9nomgrEWSGACNBIZNBHpft7n_7AOLk6izaJEG8vCUrfs?key=AjHljL4E58k2V3zq65rebA)

### Positions Tab:

Definition: This tab displays the current open options contracts you hold.

Information Included:

* Strike Price: The predetermined price at which you can buy (call) or sell (put) the underlying asset.<br>
* Expiration Date: When the options contracts will expire.<br>
* Premium Paid: The cost you paid to purchase the options.<br>
* Current Value: The market value of the open positions based on current prices.<br>
* Profit/Loss: The unrealized profit or loss for each position, showing how much you would gain or lose if you closed the position at that moment.

***

### History Tab:

Definition: This tab provides a record of past transactions related to your options trading.

Information Included:

* Executed Trades: Details of options you have bought or sold, including dates and times.\ <br>
* Premiums Paid/Received: The amounts associated with your past trades.\ <br>
* Opening Prices: Prices at which you entered positions\ <br>
* Closing Prices: Prices at which you exited positions.\ <br>
* Payoff: the financial gain or loss resulting from the trade.\ <br>
* Time Closed: The time at which the Options contract is closed.

***

### Summary:

The Positions Tab helps you monitor your current options holdings, while the History Tab allows you to review your past trades and performance. Both are essential for managing your options trading effectively.


# How do I make my first DNT Options trade?

Follow these steps to make your first trade in DNT Options:

## Step One: Select the [pair](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-dnt-options-page/what-does-symbol-mean) and [expiry ](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-dnt-options-page/what-does-expiry-mean)you would like to trade with.

<div align="left"><figure><img src="/files/YMZBxkjY2lTtqdvW9mfE" alt="" width="375"><figcaption></figcaption></figure></div>

## Step Two: Enter the amount you would like to trade with

<div align="left"><figure><img src="/files/ng2pXuYj7BHKaafFHV4m" alt="" width="375"><figcaption></figcaption></figure></div>

## Step Three: Have a look at your [strike price](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-dnt-options-page/what-does-strike-price-mean), [triggers](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-dnt-options-page/what-does-trigger-mean) and expiry time.

<div align="left"><figure><img src="/files/QdBcezwEYw3TLHyShrJd" alt="" width="375"><figcaption></figcaption></figure></div>

## Step Four: Confirm your [odds](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-options-101/how-to-navigate-tradoors-dnt-options-page/what-do-double-no-touch-odds-mean), payoff and the amount you are paying.

<div align="left"><figure><img src="/files/iWX7cM9B0aJUeuJ3ihXV" alt="" width="375"><figcaption></figcaption></figure></div>

If you've completed the steps and confirmed your trade, congratulations!&#x20;

You've successfully placed your first DNT Options trade.

***

### If you need help with setting up your wallet, please have a look at these posts:

<table data-view="cards"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th><th data-hidden data-card-cover data-type="files"></th></tr></thead><tbody><tr><td>How do I make my first trade in Tradoor?</td><td></td><td></td><td><a href="/pages/QRnWKFFyHoF0Dc1jBYnw">/pages/QRnWKFFyHoF0Dc1jBYnw</a></td><td><a href="/files/ksJ7K15DRA3VGTD1BiBC">/files/ksJ7K15DRA3VGTD1BiBC</a></td></tr><tr><td>How do I set up my wallet to start trading on Tradoor?</td><td></td><td></td><td><a href="/pages/EAnW9usIsEmmcPAAmzxZ">/pages/EAnW9usIsEmmcPAAmzxZ</a></td><td><a href="/files/Tdb23uhgNLndv2HHBklp">/files/Tdb23uhgNLndv2HHBklp</a></td></tr><tr><td>How do I add funds to my Telegram wallet?</td><td></td><td></td><td><a href="/pages/X5YqYXeGreNcTOfbV5OE">/pages/X5YqYXeGreNcTOfbV5OE</a></td><td><a href="/files/NdeYZJkRzwsjLqWU3rW9">/files/NdeYZJkRzwsjLqWU3rW9</a></td></tr></tbody></table>


# How do I make a profitable trade in Options?

### To make a profitable options trade in crypto, follow these steps:<br>

1. **Learn the Basics:** Understand call and put options, along with terms like strike price and expiration.<br>
2. **Analyze the Market:** Identify trends and potential price movements using technical and fundamental analysis.<br>
3. **Choose the Right Options:** Pick options based on your market outlook—call options for bullish views, put options for bearish.<br>
4. **Select Strike Price and Expiration:** Choose a strike price that matches your prediction and an expiration that allows enough time for the trade.<br>
5. **Manage Risk:** Use strategies like spreads to limit losses, and risk only a small part of your capital on each trade.<br>
6. **Stay Informed:** Keep up with news and events that could affect the market.<br>
7. **Have an Exit Plan:** Decide when to take profits or cut losses, and set clear targets.<br>

By combining analysis, strategic choices, and risk management, you can improve your chances of success in options trading.&#x20;

<br>


# How do I use my Options Voucher?

<figure><img src="/files/B7nwK3gBiyS38w86Iwvs" alt="" width="375"><figcaption><p>The trading voucher you'll see in Tradoor's Telegram trading bot.</p></figcaption></figure>

## Understanding Options Premiums

In Tradoor’s options trading, the premium is the upfront cost required to enter a trade—similar to margin in perpetual contracts. The cost is based on the quoted price at the time of purchase, but due to market fluctuations, the actual amount may vary slightly at the time of execution.

## How the Options Discount Voucher Helps

Tradoor’s Options Discount Voucher is designed to reduce the cost of your premium, helping you keep more of your potential earnings. With the voucher:

* **Lower Premium Costs** – Get a direct discount on the amount you pay to open an options trade.
* **More Profit Retention** – Spend less on entry costs and keep more of what you earn.
* **Automatic Application** – Select the Options Voucher in the trading bot chat, and the discount is applied automatically—no extra steps needed.

## Tradoor: Helping You Trade Smarter

At Tradoor, we’re committed to helping traders retain the majority of their profits. With 0 trading fees on options and features like the Options Discount Voucher, we make options trading more cost-effective and rewarding.

## Who Benefits from These Vouchers?

* **Active Traders** – Frequent options traders save significantly on premium costs.
* **High-Volume Traders** – The more contracts you buy, the more you save.
* **New Traders** – Reduces initial costs, making it easier to explore options strategies.\
  \
  *With Tradoor’s Options Discount Voucher, you trade smarter, lower costs, and maximize your profits. Ready to trade options for less? Select your voucher in the trading bot chat and start saving today!*


# Trading Perps 101

What are Perps? What do the symbols mean? How do I make money? We answer your FAQs about Perps and more.

<table data-view="cards"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-cover data-type="files"></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td>What is Perps Trading?</td><td></td><td></td><td><a href="/files/sV75VRAoB2BPRwOpORrI">/files/sV75VRAoB2BPRwOpORrI</a></td><td><a href="/pages/5Vw0qwKdHOmFOYSCT0I0">/pages/5Vw0qwKdHOmFOYSCT0I0</a></td></tr><tr><td>How to navigate Tradoor's Perps Trading Page?</td><td></td><td></td><td><a href="/files/L9Wmuqjsfvtr0gVYIxE2">/files/L9Wmuqjsfvtr0gVYIxE2</a></td><td><a href="/pages/EwEzDnJKM3P1TXQNq36L">/pages/EwEzDnJKM3P1TXQNq36L</a></td></tr><tr><td>How do I make my first trade in Perps?</td><td></td><td></td><td><a href="/files/LgyoYaLLzWssyhQytKDt">/files/LgyoYaLLzWssyhQytKDt</a></td><td><a href="/pages/dAmXf4pp72JLt9M2i1Uc">/pages/dAmXf4pp72JLt9M2i1Uc</a></td></tr><tr><td>How do I make a profitable trade in Perps?</td><td></td><td></td><td><a href="/files/t2xsS2SqxzKzK7czDCqa">/files/t2xsS2SqxzKzK7czDCqa</a></td><td></td></tr></tbody></table>

<br>


# What is Perps Trading?

Let us break it down for you.

1\. Perpetuals are crypto derivative contracts that let traders buy or sell assets without an expiration date.

2\. They can be held indefinitely and are popular for speculating on price changes.

3\. Traders often use leverage to increase potential profits, but this also raises risk.&#x20;


# How to navigate Tradoor's Perps Trading Page

We break down each of the elements in the page and how to interact with them

**Here's a quick directory at a glance:**

<div align="left"><figure><img src="/files/OAdjTViWEYPAmWs9PNAx" alt="" width="375"><figcaption></figcaption></figure></div>

## Perps Trading Page Terms Definitions

[**(A) Symbol**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-to-navigate-tradoors-perps-trading-page/what-does-symbol-mean)

[**(B) Index Price**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-to-navigate-tradoors-perps-trading-page/what-does-index-price-mean)

[**(C) 24h Change** ](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-to-navigate-tradoors-perps-trading-page/what-does-24h-change-mean)

[**(D) Open Interest**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-to-navigate-tradoors-perps-trading-page/what-does-open-interest-mean)

[**(E) Long/Short Rate**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-to-navigate-tradoors-perps-trading-page/what-does-long-short-rate-mean)

[**(F) 1h Funding & 1h Rollover**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-to-navigate-tradoors-perps-trading-page/what-does-1h-funding-and-1h-rollover-mean)

* 1h Funding
* 1h Rollover

[**(G) Max Leverage & Average Leverage**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-to-navigate-tradoors-perps-trading-page/what-does-max-leverage-and-average-leverage-mean)

* What is "leverage"?
* How does leverage work?
* The Importance of Leverage in Trading
* What does "Max Leverage" and "Average Leverage" mean?
  * Max Leverage
  * Average Leverage
* Importance of Max Leverage and Average Leverage in Trading

[**(H) Available Liquidity**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-to-navigate-tradoors-perps-trading-page/what-does-available-liquidity-mean)

* Definition of Available Liquidity
* Importance of Available Liquidity
* Factors Affecting Available Liquidity

[**(I) Perps Price Chart**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-to-navigate-tradoors-perps-trading-page/what-does-the-perps-price-chart-mean)

[**(J) Long and Short**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-to-navigate-tradoors-perps-trading-page/what-do-the-long-and-short-button-mean)

* Long Button
* Short Button
* Importance of understanding Long and Short for traders

####


# What does "Symbol" mean?

## **(A) Symbol**

<div align="left"><figure><img src="/files/mZRfBBBuuP4DOQJYM5uP" alt="" width="135"><figcaption></figcaption></figure></div>

You can choose which perps pairs to trade with in this section.

Current pairs consist of: BTC/USDT, GOAT/USDT, SOL/USDT, TON/USDT, NOT/USDT, DOGS/USDT, CATI/USDT, HMSTR/USDT and ETH/USDT.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfBjnjQjMZWsptUKlCfnBIxv6yi1AzM45B2mmjTOJniJ9F7Q1aC-LZeeXXVFhgeVTtQTxeAZlvHeaN41HmiYxKt5c3LpJao88sZcx0o86X0bZwLEhX_6uiZ-MaVS8Thg0bPFqxdeEzl6yLssChcoQs2EG4A?key=AjHljL4E58k2V3zq65rebA)![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfvoctqJSvIu4ji7jvSwEa6DIFv-S0_SK4f66AgGx9YzmKXfVeWDrXh85hUMjRYu2cE-KCMmlepdPAWzHq_3RBF-6UQlKUu7TryQE2dIt3BQB7g_bUYrUZctatR5WqMpZxjcwBgHs1LHxRPi4qKTvYmKISg?key=AjHljL4E58k2V3zq65rebA)<br>


# What does "Index Price" mean?

## (B) **Index Price**

<div align="left"><figure><img src="/files/As2YehUbLduiXafFpgXW" alt="" width="92"><figcaption></figcaption></figure></div>

The index price is a key reference price used to determine the value of a perpetual contract.

It typically reflects the average price of an asset across multiple spot exchanges to ensure a fair and accurate benchmark.

> ***Note:** Tradoor is not an orderbook-type exchange, and it is an on-chain exchange with its price frequency being 1 second, which means that it will use the median price per second of the Binance price source for settlement.*
>
> Hence,  for a limit type order the trigger price might not always be the index price. (But more on [limit type orders](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-do-i-make-my-first-trade-in-perps/1-select-between-market-order-and-limit-order) later).


# What does "24h" change mean?

### **(C) 24h Change**

<div align="left"><figure><img src="/files/LJ9NuhSTN3LJCnyXEVln" alt="" width="97"><figcaption></figcaption></figure></div>

Price change refers to the price movement of the underlying asset over the past 24 hours.

In Tradoor, this is reflected in a percentage change, which shows how much the index price has increased or decreased compared to the price 24 hours ago, expressed as a percentage.

Keep an eye on this, as it helps traders gauge the recent volatility and trend direction.


# What does "Open Interest" mean?

## **(D) Open Interest**

<div align="left"><figure><img src="/files/c43WD87IHpzzzLfR9tCH" alt="" width="188"><figcaption></figcaption></figure></div>

The "Open Interest" section refers to **the total number of outstanding contracts that have not yet been settled or closed.** It represents the total value of positions held by traders in the market. Here’s what it means:

**1. Market Activity:** High open interest indicates significant market activity and liquidity, as more traders are participating. Low open interest may suggest a lack of interest or activity in that particular asset.

**2. Trends and Sentiment:** Changes in open interest can provide insights into market sentiment. For instance:

&#x20;  \- Increasing open interest alongside rising prices may indicate a bullish trend, as new money is entering the market.

&#x20;  \- Conversely, increasing open interest with falling prices might suggest bearish sentiment.

**3. Risk Management:** Open interest helps traders gauge market sentiment and potential price movements, assisting them in making informed trading decisions.

Overall, it’s a key indicator for traders to assess the health and direction of the market for a specific crypto asset.


# What does "Long/Short Rate" mean?

## **(E) Long/Short Rate**

<div align="left"><figure><img src="/files/tFOxmPZ7hTPzEM43wJFb" alt="" width="135"><figcaption></figcaption></figure></div>

This represents **the proportion of traders holding long positions compared to those holding short positions**. It’s a key metric for assessing market sentiment and potential price movements. This is what it means:

* **High Long/Short Rate:** This often indicates bullish sentiment, suggesting that many traders expect prices to rise. However, if the ratio is extremely high, it may signal overconfidence, which can lead to a price correction.
* **Low Long/Short Rate:** Conversely, a low ratio suggests bearish sentiment, with more traders betting on price declines. An extremely low ratio might indicate that the market is oversold and could be due for a rebound.

**The Long/Short Rate can aid in the following:**

**Market Dynamics:** The Long/Short Ratio can help traders gauge potential price movements. If the majority are long and prices start to decline, there could be a wave of liquidations, pushing prices down further.

**Risk Management:** Traders use the Long/Short Ratio as part of their risk management strategy, helping them to make more informed decisions based on the overall market positioning


# What does "1h Funding" and "1h Rollover" mean?

## **(F) 1h Funding and 1h Rollover**

<div align="left"><figure><img src="/files/Cv3KDGyeRh4E2lF5F6wP" alt="" width="142"><figcaption></figcaption></figure></div>

### **1 hr Funding**

* Definition: "1 hr funding" refers to the interest payment (or receipt) that traders incur or receive for holding their positions over a one-hour period.
* How It Works: Funding rates are typically determined based on the Long/Short Ratio and overall market conditions. If you're holding a long position and the funding rate is positive, you'll pay that rate. Conversely, if you're in a short position, you might receive that payment if the rate is negative.
* Purpose: The funding mechanism helps ensure that the price of the perpetual contract remains close to the price of the underlying asset. It incentivizes traders to balance their positions, which helps stabilise the market.

***

### **1 hr Rollover**

* Definition: "1 hr rollover" often refers to the process of adjusting or rolling over open positions to the next funding period, which occurs every hour in this context.
* Implications: During the rollover, any funding payments are applied to your account, and positions are adjusted to reflect the new funding rate. If you're holding a position through the rollover, you'll either pay or receive the funding fee based on your position type (long or short).
* Significance: Understanding the rollover process is crucial for traders, as it can impact the profitability of a position, especially if the funding rate changes significantly.


# What does "Max Leverage" and "Average Leverage" mean?

## **(G) Max Leverage and Average Leverage**

<div align="left"><figure><img src="/files/Am2zgIuNhkCBfifoNAku" alt="" width="143"><figcaption></figcaption></figure></div>

## FAQs

* [**What is "leverage"?**](#what-is-leverage)
* [**How does leverage work?**](#how-does-leverage-work)
* [**The Importance of Leverage in Trading**](#the-importance-of-leverage-in-trading)
* [**What does "Max Leverage" and "Average Leverage" mean?**](#what-does-max-leverage-and-average-leverage-mean)
  * [Max Leverage](#max-leverage)
  * [Average Leverage](#average-leverage)
* [**Importance of Max Leverage and Average Leverage in Trading**](#importance-of-max-leverage-and-average-leverage-in-trading)

***

## **What is “Leverage”?**

“Leverage" refers to the ability to control a larger position size than the amount of capital (margin) you have available. Here’s a detailed breakdown:

* &#x20;Amplification of Investment: Leverage allows traders to borrow funds to increase the size of their trading positions. For example, if you have $1,000 in your account and use 10x leverage, you can open a position worth $10,000.
* Margin Requirement: The amount of your capital that you need to set aside to open a leveraged position is called the margin. For 10x leverage, your margin would be 10% of the total position size.

***

## How Does Leverage Work?

**1. Opening a Position:** When you open a leveraged position, you are essentially using borrowed funds to increase your potential returns. The higher the leverage, the less capital you need to put down.

**2. Potential for Higher Returns**: If the trade goes in your favor, leverage can significantly amplify your profits. For instance, a 10% increase in the price of an asset can lead to a 100% return on your initial investment if you are using 10x leverage.

**3. Increased Risk:** While leverage can enhance profits, it also increases risk. A small adverse price movement can lead to significant losses. If the market moves against your position, you may quickly face margin calls or liquidations (more about this in the “Liquidations” section!), where your position is automatically closed to prevent further losses.

#### The Importance of Leverage in Trading

* Risk Management: Traders must use leverage judiciously and be aware of their risk tolerance. It’s crucial to have a solid risk management strategy when using high leverage.
* Market Sentiment: Leverage can indicate market sentiment. High levels of leverage may suggest that traders are optimistic, while low levels might indicate caution.

***

## **What does “Max Leverage” and “Average Leverage” mean?**

"Max Leverage" and "Average Leverage" are important metrics that indicate how much a trader can amplify their position size relative to their collateral. Here's what each term means:

#### **Max Leverage**

* Definition: "Max leverage" refers to the highest allowable leverage that a trader can use when opening a position on the platform. For example, if the max leverage is 100x, a trader can control a position worth 100 times their initial margin.
* Implications: While high leverage can increase potential profits, it also significantly raises the risk. If the market moves against a highly leveraged position, it can lead to quick liquidations and substantial losses.

#### **Average Leverage**

* Definition: "Average leverage" indicates the typical level of leverage that traders are using on the platform at a given time. This is calculated based on the positions held by all traders and provides a snapshot of overall market behaviour.
* Significance: The average leverage can give insights into market sentiment. For instance, a high average leverage might suggest that many traders are feeling confident and taking larger risks, while a low average leverage could indicate caution in the market.

#### Importance of Max Leverage and Average Leverage in Trading

* Risk Management: Understanding both max and average leverage helps traders make informed decisions about their risk exposure. While they might be tempted to use max leverage for higher returns, it’s essential to consider market conditions and personal risk tolerance.
* Market Dynamics: These metrics can also reflect broader market trends. If the average leverage is increasing, it might indicate growing speculation, while a decrease could suggest a more cautious approach among traders.

*In summary, "Max Leverage" defines the potential maximum risk you can take, while "Average Leverage" provides insight into the overall risk appetite of the trading community.*


# What does "Available Liquidity" mean?

### (H) Available Liquidity

<div align="left"><figure><img src="/files/opafASVRejV5D4VN3KRq" alt="" width="137"><figcaption></figcaption></figure></div>

## FAQs

* [**Definition of Available Liquidity**](#definition-of-available-liquidity)
* [**Importance of Available Liquidity**](#importance-of-available-liquidity)
* [**Factors Affecting Available Liquidity**](#factors-affecting-available-liquidity)

***

"Available Liquidity" refers to **the amount of capital that is readily accessible for trading at any given time.**

You can read more about liquidity in our “Liquidation” section, as well as our “Liquidity Pool” section.

## **Definition of Available Liquidity**

Available liquidity represents the funds that can be used by traders to execute buy or sell orders without significantly impacting the market price. It reflects how much liquidity is available in the market for a specific trading pair or asset.

***

## **Importance of Available Liquidity**

1. Market Efficiency: High available liquidity typically leads to tighter bid-ask spreads, which reduces the cost of trading. This means traders can buy and sell more easily without experiencing large price fluctuations.
2. Order Execution: When liquidity is high, large orders can be executed without causing significant slippage (the difference between the expected price of a trade and the actual price). This is crucial for traders who want to enter or exit positions quickly.
3. Price Stability: Adequate liquidity helps maintain price stability. In a market with low liquidity, prices can become more volatile, as even small trades can lead to significant price changes.
4. Trading Strategy: Traders often consider available liquidity when planning their strategies. A market with high liquidity may be more favourable for executing larger trades, while low liquidity might require traders to adjust their position sizes.

***

## **Factors Affecting Available Liquidity**

* Trading Volume: Higher trading volume generally correlates with higher available liquidity, as more participants are actively buying and selling assets.
* Market Depth: The depth of the order book—how many buy and sell orders are placed at different price levels—affects available liquidity. A deeper order book means more liquidity.
* Market Conditions: During periods of high volatility or market stress, available liquidity can diminish, making it harder to execute trades without impacting prices.


# What does the Perps price chart mean?

### (I) Perps Price Chart

<div align="left"><figure><img src="/files/wPR7gbMyFNGWIO8fOAOr" alt="" width="375"><figcaption></figcaption></figure></div>

A perps price chart is a **graphical representation of price movements and trading activity for a specific perpetual contract over time**.

The trading chart typically displays price data in a time series format, allowing traders to visualise how the price of the perpetual contract has changed over a specified period.&#x20;

**This chart includes several key features:**

**1. Candlestick Patterns:** These are the red and green bars on the chart, which shows the opening, closing, high, and low prices within specific time frames (e.g., 1 minute, 5 minutes, 1 hour, etc.). Traders can identify upward (bullish) or downward (bearish) trends based on price movements over time.

**2. Volume and Open Interest:** Indicators of how actively the perps are being traded and how many contracts are currently open.

**3. Timeframes:** The numbers showing time on top of a price chart typically represent the time intervals for the data displayed in the chart.\
\
The numbers often correspond to specific time intervals, such as minutes, hours, days, or weeks. For example, a number like "1D" might indicate that each candlestick or bar on the chart represents one day of trading data.


# What do the "long" and "short" button mean?

### (J) Long and Short

The "Long" and "Short" buttons are essential features that allow traders to open positions based on their market outlook. Here’s a breakdown of what each button means and the information they provide:

<div align="left"><figure><img src="/files/MIvT0VEcsfhi5b9GrpYl" alt="" width="375"><figcaption></figcaption></figure></div>

## **FAQs:**

* [**Long Button**](#long-button)
* [**Short Button**](#long-button)
* [**Importance of understanding Long and Short for traders**](#importance-of-understanding-long-and-short-for-traders)

***

**Long Button**

* Definition: The "Long" button is used to open a long position, meaning the trader is betting that the price of the asset will increase.
* Purpose: By clicking this button, traders seek to profit from rising prices. For example, if a trader believes that Bitcoin’s price will go up, they would click the "Long" button to enter a position.
* Information Provided:
* * Leverage Options: When selecting a long position, you will see options to choose their desired leverage (e.g., 2x, 5x, 10x), allowing them to control a larger position than their initial capital.
  * Potential Profit/Loss: There is a display showing potential profits and losses based on the current price and the selected leverage.
  * Margin Requirement: Information about the required margin to open the long position is also displayed.

#### **Short Button**

* Definition: The "Short" button is used to open a short position, indicating that the trader expects the price of the asset to decrease.
* Purpose: By clicking this button, traders aim to profit from falling prices. For example, if a trader believes that Ethereum’s price will decline, they would click the "Short" button to enter a position.
* Information Provided:
* * Leverage Options: Similar to the long position, traders can choose leverage when opening a short position, which affects their potential profits and risks.
  * Potential Profit/Loss: Potential profits and losses for the short position based on the current price and selected leverage are also displayed..
  * Margin Requirement: Information regarding the margin needed to maintain the short position is also provided.

#### **Importance of understanding Long and Short for traders**

* Market Strategy: The availability of both long and short options allows traders to implement various strategies based on their market outlook, whether bullish or bearish.
* Flexibility: These buttons provide flexibility to traders, enabling them to respond to market movements and capitalise on different trading opportunities.
* Risk Management: Understanding the implications of long and short positions helps traders manage risk effectively, as each position type carries its own risk profile.


# How do I make my first trade in Perps?

We take you through the basics of making a Perps trade.

Follow these steps to make a successful Perps trade.

> **If you're uncertain at any stage, you can explore the steps for a detailed explanation of each part and its terminology by clicking into them.**

### [Step One: Select between Market Order or Limit Order.](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-do-i-make-my-first-trade-in-perps/1-select-between-market-order-and-limit-order)

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfdgvCKo6Yymu4jyP27AJbT2TF6EchSauxRC_1kxzx71RJuobspKOADcVn5xQDBxxo7PZ0rXzysIuQn10bREpw5A6CXwKXFxG2zMumUBf2zzDhOC8Nef6ElNxo0dC_N_3ZFXVpel98C56oidcSNxJ1TdOk?key=AjHljL4E58k2V3zq65rebA)

### [Step Two: Enter the amount you'd like to trade with](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-do-i-make-my-first-trade-in-perps/2-enter-the-amount-you-would-like-to-trade-with) ![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXdNnnhM2hiR77cH5m3ngE_vmNJMUOkj2JS7xKNfHXlDaoGWrBrG6kkLWvlYkdonEfsFMuatRFKm_tOYxHEW2JM-TAetClK_gnTPKFzHS7WRQdzm7RsckEwGxcL4kmP8S7Y6gSfNWYrD8deJmrqZslYXGG_K?key=AjHljL4E58k2V3zq65rebA)

### [Step Three: Select the leverage you'd like to trade with](#step-three-select-the-leverage-youd-like-to-trade-with)

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXd1U_HL6KI-0L6m1xvEGIZOCR1zFShLZFgH5hqh9T7vTo8KFetzDciOwkrrHsOdysJRDDjoi6fxJFlJ_MPYU6ES0BoAEFixfBgkK7qjUzwPchMslkPJTrDzBjpSQG6tLOsK_PCc2yRXR3ApWD6ThGjGRK7t?key=AjHljL4E58k2V3zq65rebA)

### [Step Four: Have a look at your position](#step-four-have-a-look-at-your-position)

### ![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXex2vX8QzgkI4Sf-nc8OVl5Tmc-syq5ViyqtjG16sYbbMTSaxRltGWjqyRgY9NJcuCxfVzbV8biRi0gzf2q8Z4IdFfM9-i-sBcIrVQUwq_Ydlf-v7lMaWTNjEFzSco-ASVw5dxyasACoVZqU1f_lUhEXu4?key=AjHljL4E58k2V3zq65rebA)

### &#x20; [Step Five: Select your TP/SL](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-do-i-make-my-first-trade-in-perps/5-select-your-tp-sl)

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXdJgbSrNLN1G5C2KtIlQxMPTUh_cX3ipwf211OogLMBiDu9bn2D3zUJCpe6fPb2PbqFA8Qa_2N9HOjM3_jAkSq4k39v1Kh-pt-J_CBA9MGhSFECcrciY6dgkzlYySajD9LflijXjZJ-VJz4BMe_mtmnblk?key=AjHljL4E58k2V3zq65rebA)

If you've completed the steps and confirmed your trade, congratulations!&#x20;

You've successfully placed your first Perps trade.

***

### If you need help with setting up your wallet, please have a look at these posts:

<table data-view="cards"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-cover data-type="files"></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td>How do I make my first trade on Tradoor?</td><td></td><td></td><td><a href="/files/ksJ7K15DRA3VGTD1BiBC">/files/ksJ7K15DRA3VGTD1BiBC</a></td><td><a href="/pages/QRnWKFFyHoF0Dc1jBYnw">/pages/QRnWKFFyHoF0Dc1jBYnw</a></td></tr><tr><td>How do I set up my wallet to start trading on Tradoor?</td><td></td><td></td><td><a href="/files/Tdb23uhgNLndv2HHBklp">/files/Tdb23uhgNLndv2HHBklp</a></td><td><a href="/pages/EAnW9usIsEmmcPAAmzxZ">/pages/EAnW9usIsEmmcPAAmzxZ</a></td></tr><tr><td>How do I add funds to my Telegram wallet?</td><td></td><td></td><td><a href="/files/NdeYZJkRzwsjLqWU3rW9">/files/NdeYZJkRzwsjLqWU3rW9</a></td><td><a href="/pages/X5YqYXeGreNcTOfbV5OE">/pages/X5YqYXeGreNcTOfbV5OE</a></td></tr></tbody></table>


# (1) Select between "Market Order" and "Limit Order"

More about "Market Order" and "Limit Order"s.

### FAQs:

* [**What's the difference between "Market Order" and "Limit Order"?**](#whats-the-difference-betwen-market-order-and-limit-order)
  * [Market Order](#market-order)
  * [Limit Order](#limit-order)
  * [Key Differences](#key-differences)

***

## Step One: Select between Market Order or Limit Order.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfdgvCKo6Yymu4jyP27AJbT2TF6EchSauxRC_1kxzx71RJuobspKOADcVn5xQDBxxo7PZ0rXzysIuQn10bREpw5A6CXwKXFxG2zMumUBf2zzDhOC8Nef6ElNxo0dC_N_3ZFXVpel98C56oidcSNxJ1TdOk?key=AjHljL4E58k2V3zq65rebA)

\
Let us first understand the differences between a market and limit order to better help you decide which trade you’d like to place.

### What's the difference betwen "Market Order" and Limit Order"?

#### Market Order

* Definition: A market order is an order to buy or sell a crypto asset immediately at the best available current price in the market.
* Execution:
  * Speed: Market orders are executed quickly since they are filled at the current market price.
  * Price Uncertainty: Traders do not control the exact price at which the order will be executed. The execution price may differ slightly from the last traded price due to market fluctuations, especially in volatile markets.
* Use Case:
  * Ideal for traders who want to enter or exit a position quickly and are willing to accept the current market price.
  * Often used in fast-moving markets or when liquidity is high.

#### Limit Order

* Definition: A limit order is an order to buy or sell a crypto asset at a specific price or better.
* Execution:
  * Price Control: Traders set a specific price at which they want to buy (for a buy limit order) or sell (for a sell limit order). The order will only be executed if the market reaches that price.
  * Timeframe: Limit orders may not be filled immediately and can remain open until the specified price is reached or until the trader cancels the order.
* Use Case:
  * Ideal for traders who want more control over the price at which they enter or exit a position.
  * Useful for setting specific entry or exit points, especially in volatile markets or when trading less liquid assets.

#### Key Differences

| Feature                | Market Order                          | Limit Order                                         |
| ---------------------- | ------------------------------------- | --------------------------------------------------- |
| Execution Speed        | Quick, filled at current market price | May take time to fill, depending on price           |
| Price Control          | No control over execution price       | Control over the price at which the order is filled |
| Market Conditions      | Best for fast-moving markets          | Best for precise entry/exit strategies              |
| Guarantee of Execution | Likely to be filled immediately       | No guarantee of execution if the price is not met   |

<br>


# (2) Enter the amount you would like to trade with

### FAQs:

* [**How do I set up my wallet to start trading on Tradoor?**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/how-do-i-set-up-my-wallet-to-start-trading-on-tradoor)
* [**How do I add funds to my Telegram wallet?**](/tradoor-user-guide-v2/how-to-trade-on-tradoor/how-do-i-add-funds-to-my-telegram-wallet)
* [**What do the percentages mean under "Amount"?**](#what-do-the-percentages-mean-under-amount)

***

## Step Two: Enter the amount you'd like to trade with

You can enter the amount you’d like to trade with in the “Amount” bracket.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXdNnnhM2hiR77cH5m3ngE_vmNJMUOkj2JS7xKNfHXlDaoGWrBrG6kkLWvlYkdonEfsFMuatRFKm_tOYxHEW2JM-TAetClK_gnTPKFzHS7WRQdzm7RsckEwGxcL4kmP8S7Y6gSfNWYrD8deJmrqZslYXGG_K?key=AjHljL4E58k2V3zq65rebA)

#### What do the percentages mean under "Amount"?

The percentages at the bottom allow you to quickly enter 25%, 50%, 75% and 100% of the USDT you have available to trade with.

<br>


# (3) Select the leverage you would like to trade with

### FAQs:

* [**What is leverage?**](#what-is-leverage-leverage-refers-to-the-ability-to-control-a-larger-position-size-than-the-amount-of)
  * [Key Concepts of Leverage](#key-concepts-of-leverage)
* [**What is the importance of leverage in trading?**](#importance-of-leverage-in-trading)
* [**How much leverage should I start with if it's my first time trading?**](#how-much-leverage-should-i-start-with-if-its-my-first-time-trading)

***

## Step Three: Select the leverage you would like to trade with

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXd1U_HL6KI-0L6m1xvEGIZOCR1zFShLZFgH5hqh9T7vTo8KFetzDciOwkrrHsOdysJRDDjoi6fxJFlJ_MPYU6ES0BoAEFixfBgkK7qjUzwPchMslkPJTrDzBjpSQG6tLOsK_PCc2yRXR3ApWD6ThGjGRK7t?key=AjHljL4E58k2V3zq65rebA)

#### What is leverage? Leverage refers to the ability to control a larger position size than the amount of capital you have available in your trading account. It allows traders to amplify their potential profits (and losses) by using borrowed funds.

#### **Key Concepts of Leverage**

1. **Amplification of Exposure:**\
   Example: If you have $1,000 and use 10x leverage, you can control a position worth $10,000. This means you’re able to trade with 10 times your actual capital.
2. **Margin Requirement:** The margin is the amount of your own capital required to open a leveraged position. For 10x leverage, your margin would be 10% of the total position size.\
   *In the example above, to open a $10,000 position, you would need to set aside $1,000 as margin.*
3. **Potential for Higher Returns:** If the market moves in your favour, leverage can significantly amplify your profits. For instance, a 10% increase in the asset price could yield a 100% return on your initial investment if using 10x leverage.
4. **Increased Risk:** While leverage can enhance profits, it also increases risk. A small adverse price movement can lead to significant losses. If the market moves against your position, you may face liquidation, where your position is automatically closed to prevent further losses. More about this in the “liquidation” section.
5. **Liquidation:** If your losses reach a certain point, the platform may automatically close your position to recover the borrowed funds. This occurs when the equity in your account falls below the required margin.

***

#### **Importance of Leverage in Trading**

* **Trading Strategies:** Leverage allows traders to employ various strategies, including speculation on price movements and hedging against potential losses in other positions.
* **Market Sentiment:** High leverage levels in the market can indicate trader confidence, while low levels may suggest caution.

***

#### **How much leverage should I start with if it's my first time trading?**

If it’s your first time trading, we recommend starting with lower leverages below 25x to minimise risk.

<br>


# (4) Have a look at your position

### FAQs:

* [**What is position size?**](#position-size)
* [**What is entry price?**](#entry-price)
* [**What is liquidation price?**](#liquidation-price)
* [**What is estimated margin?**](#estimated-margin)
* [**What are trading fees?**](#trading-fees)

***

## Step Four: Have a look at your position

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXex2vX8QzgkI4Sf-nc8OVl5Tmc-syq5ViyqtjG16sYbbMTSaxRltGWjqyRgY9NJcuCxfVzbV8biRi0gzf2q8Z4IdFfM9-i-sBcIrVQUwq_Ydlf-v7lMaWTNjEFzSco-ASVw5dxyasACoVZqU1f_lUhEXu4?key=AjHljL4E58k2V3zq65rebA)

### Position Size

* **Definition:** Position size indicates the quantity of contracts or units of the underlying asset that a trader is controlling in a trade. For example, if a trader opens a long position for 10 BTC, the position size is 10 BTC.<br>
* **Calculation:** *Position Size = (Account Equity \* Leverage) / Price of Asset*\
  For example, if a trader has $1,000, uses 10x leverage, and the price of Bitcoin is $50,000, the position size would be $10,000 (since they are controlling $1,000 \* 10).<br>
* **Impact on Risk:** A larger position size increases potential profits but also magnifies potential losses. Therefore, it is essential to manage position sizes carefully to align with a trader's risk tolerance.\
  *Traders often use position sizing strategies to determine how much of their total capital to risk on a single trade.*<br>
* **Risk Management:** Many traders use position size in conjunction with stop-loss orders to limit potential losses. By determining an appropriate position size, traders can ensure that losses remain within acceptable limits relative to their overall trading capital.<br>
* **Market Impact:** Large position sizes can affect market liquidity and lead to slippage if they are executed in a thin market. Traders should consider market conditions when determining their position sizes.

***

### Entry Price

* **Definition:** The entry price is the price level at which a trader buys (for a long position) or sells (for a short position) the asset. It is crucial for determining the profitability of the trade.<br>
* **Importance in Trading:** The entry price is used to calculate unrealized gains or losses. For example, if a trader enters a long position at $50,000 and the current market price rises to $55,000, the unrealized profit is based on the difference from the entry price.<br>
* **Market Conditions:** The entry price can be influenced by market conditions, trading strategies, and the trader’s analysis of price movements. It’s often used in conjunction with technical analysis to determine optimal entry points.<br>
* **Order Types:** The entry price can be affected by the type of order used to enter the position:&#x20;
  * Market Order: The entry price will be the price at which the order is filled immediately, which may vary slightly from the last traded price due to market volatility.
  * Limit Order: The entry price will be the specific price set by the trader, and the order will only be filled if the market reaches that price.<br>
* **Strategy Implementation:** Traders often use specific strategies to determine their entry price, such as breakout strategies, trend reversals, or using indicators to signal ideal entry points.

***

### Liquidation Price

* **Definition:** The liquidation price is the price at which the total equity in a trader's account falls below the required maintenance margin. At this point, the trading platform automatically closes the position to recover the borrowed funds.<br>
* **Mechanism of Liquidation:** When using leverage, traders borrow funds to control larger positions. If the market moves against their position, their account equity decreases. If it drops to a point where it can no longer cover the margin required to maintain the position, the liquidation occurs.<br>
* **Calculation:** The liquidation price can be calculated based on several factors, including:
  * Entry Price: The price at which the position was opened.
  * Leverage Used: The higher the leverage, the closer the liquidation price will be to the entry price.
  * Margin Requirement: The specific margin requirements set by the trading platform.<br>
* **Impact on Trading:** Liquidation can lead to significant losses, especially for highly leveraged positions. Traders must monitor their positions and be aware of the liquidation price to manage risk effectively. It emphasizes the importance of risk management strategies, such as setting stop-loss orders and ensuring adequate margin.<br>
* **Market Conditions:** In volatile markets, prices can move rapidly, increasing the risk of liquidation. Traders should be particularly cautious during periods of high volatility or low liquidity.

***

### Estimated Margin

* **Definition:** Estimated margin is the portion of a trader's account balance that is required to cover the potential losses of an open position and to meet the margin requirements set by the trading platform.<br>
* **Components:**
  * Initial Margin: This is the amount required to open a new position. It’s usually a percentage of the total position size, depending on the leverage used.
  * Maintenance Margin: This is the minimum amount of equity that must be maintained in the account to keep the position open. If the account equity falls below this level, the position may be liquidated.<br>
* **Calculation:** \
  Estimated margin can be calculated using the following formula:\
  Estimated Margin = (Position Size / Leverage)\
  For example, if a trader wants to open a $10,000 position with 10x leverage, the estimated margin required would be $1,000.<br>
* **Importance in Trading:** Understanding estimated margin helps traders gauge how much of their capital will be tied up in a position, allowing for better financial planning and risk management. It provides insight into how much leverage is being used and the potential risks associated with it.<br>
* Market Impact: Changes in market prices can affect the estimated margin. If the value of the position declines, the required margin may increase to avoid liquidation, putting additional pressure on the trader.

***

### Trading Fees

Trading fees are charges incurred when opening or closing a position on a trading platform. This includes gas fees, which are charges required to perform operations on a blockchain, particularly for executing smart contracts and conducting transactions. They compensate network participants for their computational work and resources.<br>


# (5) Select your TP/SL

## FAQs:

* [**What is "Take Profit (TP)"?**](#take-profit)
* [**What is "Stop Loss (SL)"?**](#stop-loss)
* [**What is the importance of take profit and stop loss?**](#importance-of-take-profit-and-stop-loss)

***

## Step Five: Select your TP/SL

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXdJgbSrNLN1G5C2KtIlQxMPTUh_cX3ipwf211OogLMBiDu9bn2D3zUJCpe6fPb2PbqFA8Qa_2N9HOjM3_jAkSq4k39v1Kh-pt-J_CBA9MGhSFECcrciY6dgkzlYySajD9LflijXjZJ-VJz4BMe_mtmnblk?key=AjHljL4E58k2V3zq65rebA)

### **Take Profit**

**Definition:** A take profit order is an instruction to close a position once the price reaches a predetermined level, securing a profit.<br>

**Purpose:** The main goal is to lock in gains before the market can reverse. By setting a take profit level, traders can automate the exit from a profitable trade without needing to monitor the market continuously.<br>

**Implementation:** Traders specify the price at which they want to take profit when they open a position or while the position is open. Once the market reaches that price, the order is executed automatically.<br>

**Example:** If a trader buys Bitcoin at $50,000 and sets a take profit order at $55,000, the position will be closed automatically once the price reaches $55,000, securing the profits.<br>

***

### **Stop Loss**

**Definition:** A stop loss order is an instruction to close a position once the price reaches a predetermined level that signifies an unacceptable loss.<br>

**Purpose:** The main goal is to limit potential losses in case the market moves against the trader’s position. By setting a stop loss, traders can protect their capital without having to watch the market constantly.<br>

**Implementation:** Traders specify the price level for the stop loss when opening a position or while the position is active. If the market price hits this level, the order is executed automatically, closing the position.<br>

**Example:** If a trader opens a long position in Ethereum at $2,000 and sets a stop loss at $1,900, the position will be closed if the price drops to $1,900, thereby limiting the loss.<br>

***

### **Importance of Take Profit and Stop Loss**

* **Risk Management:** Both tools are essential for managing risk in trading. They help traders avoid emotional decision-making and maintain discipline in their trading strategies.<br>
* **Automated Trading:** By automating the exit points, traders can focus on other aspects of their trading strategy without having to monitor prices constantly.<br>
* **Market Volatility:** In volatile markets, take profit and stop loss orders can be especially important to protect gains and limit losses effectively.


# How do I make a profitable trade in Perps?

To make a profitable trade with perpetuals in crypto, follow these steps:

1. **Research:** Analyze market trends and price charts for potential movements.<br>
2. **Use Leverage Cautiously:** Start with low [leverage](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-do-i-make-my-first-trade-in-perps/3-select-the-leverage-you-would-like-to-trade-with) to minimize risk.<br>
3. **Set Entry and Exit Points:** Decide when to buy and sell based on your analysis.<br>
4. **Manage Risk:** Use [stop-loss orders](/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/how-do-i-make-my-first-trade-in-perps/5-select-your-tp-sl) to limit losses and only risk a small portion of your capital.<br>
5. **Stay Informed:** Monitor news and events that could affect prices.<br>
6. **Be Flexible:** Adjust your strategy as market conditions change.


# Turbo Mode on Tradoor

What is Turbo Mode? How does it work? We answer your FAQs about Turbo Mode here.

<table data-view="cards"><thead><tr><th></th><th data-hidden data-card-cover data-type="files"></th><th data-hidden data-type="content-ref"></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td>What is Turbo Mode?</td><td><a href="/files/I4XKTeRZre1Y70BsXcWz">/files/I4XKTeRZre1Y70BsXcWz</a></td><td><a href="/pages/FkoGkW2FsZv1dcTkby16">/pages/FkoGkW2FsZv1dcTkby16</a></td><td><a href="/pages/FkoGkW2FsZv1dcTkby16">/pages/FkoGkW2FsZv1dcTkby16</a></td></tr><tr><td>How do I start trading with Turbo Mode?</td><td><a href="/files/yz41MUQ8WHtdOjuxZZSZ">/files/yz41MUQ8WHtdOjuxZZSZ</a></td><td><a href="/pages/bXvjpdZV64K6UfpV2iza">/pages/bXvjpdZV64K6UfpV2iza</a></td><td><a href="/pages/bXvjpdZV64K6UfpV2iza">/pages/bXvjpdZV64K6UfpV2iza</a></td></tr><tr><td>What are Turbo Credits?</td><td><a href="/files/mtKTXiGVD8b99s57taeA">/files/mtKTXiGVD8b99s57taeA</a></td><td></td><td><a href="/pages/Lvvy8IrcEICludIb3SvO">/pages/Lvvy8IrcEICludIb3SvO</a></td></tr><tr><td>FAQs about Turbo Mode</td><td><a href="/files/J8COtV18WqjyaxsSutGQ">/files/J8COtV18WqjyaxsSutGQ</a></td><td><a href="/pages/Zp7rjuEOjarPhe6NgEUq">/pages/Zp7rjuEOjarPhe6NgEUq</a></td><td><a href="/pages/Zp7rjuEOjarPhe6NgEUq">/pages/Zp7rjuEOjarPhe6NgEUq</a></td></tr></tbody></table>


# What is Turbo Mode?

**Turbo Mode** is Tradoor’s high-speed trading mode designed for maximum efficiency and minimal lag.&#x20;

Built by pro traders for pro traders and degens alike, it drastically reduces execution time so users can place rapid-fire trades with no slippage and near-instant confirmation.

It features:

* **Super fast trades** (600x faster)
* **No wallet pop-ups** — just tap and go
* **Use of USDT and TON as collateral**

All with **the** **lowest fees on Telegram**, **zero slippage**, and **full control** of your assets. **Copy-trading & AI-powered strategies coming soon.**


# How do I start trading with Turbo Mode?

1. First, begin by creating you Turbo Mode account. Head to your "Accounts" tab. If you have yet to activate your Turbo Mode account, you will be prompted to do so.&#x20;

<div align="left"><figure><img src="/files/FlfDBcGo37NdjBou71Aa" alt="" width="188"><figcaption></figcaption></figure></div>

2. Click "Create Account".

<div align="left"><figure><img src="/files/geGw5BQEgeCJ32SRqA2w" alt="" width="188"><figcaption></figcaption></figure></div>

3. After switching to Turbo Mode account, you'll need to transfer assets over from your wallet account to your Turbo Mode account in order to trade.\
   \
   If you need help setting up your wallet account, you can refer to our previous guides:\
   \
   [How do I set up my wallet to start trading on Tradoor?](/tradoor-user-guide-v2/how-to-trade-on-tradoor/how-do-i-set-up-my-wallet-to-start-trading-on-tradoor)\
   [How do I add funds to my Telegram wallet?](/tradoor-user-guide-v2/how-to-trade-on-tradoor/how-do-i-add-funds-to-my-telegram-wallet)

<div align="left"><figure><img src="/files/ZAIjUOmGTLasXZgZus20" alt="" width="188"><figcaption></figcaption></figure></div>

4. Upon clicking "Transfer Now", you will be brought to a Transfer page where you can select the coin and the amount you would like to transfer from your wallet account. \
   \
   **Do note that you need both TON to pay fees, and USDT to trade.**

<div align="left"><figure><img src="/files/L1QPJnXDTKN87B8GeR0A" alt="" width="188"><figcaption></figcaption></figure></div>

5. And you're done!&#x20;

<figure><img src="/files/aRhhtPW2U97Zp9Nv0CvQ" alt=""><figcaption></figcaption></figure>


# What are Turbo Credits?

## Frequently Asked Questions About Turbo Credits

#### ❓ What are Turbo Credits?

Turbo Credits are **bonus funds** provided by Tradoor that you can use to place real trades on the platform.

They act like extra trading balance, giving you a chance to explore Tradoor’s features and strategies without risking your own capital.

#### ❓ Can I withdraw Turbo Credits directly?

No. Turbo Credits themselves **cannot be withdrawn**. They can only be used to:

* Open new positions
* Cover trading fees

#### ❓ What about profits made using Turbo Credits?

Any profits you make from trades opened with Turbo Credits are **real**. You can keep them and withdraw them just like normal trading profits.

#### ❓ Which assets and trades can I make with Turbo Credits?

You can trade BTC, ETH and TON with Turbo Credits in Perps, with up to x10 leverage. Do note that you are unable to place Options trades using Turbo Credits.

#### ❓ How long do Turbo Credits last?

The **default expiry period is 7 days** from the time they are credited to your account, unless stated otherwise by the campaign or event where you received them.

#### ❓ Can I use Turbo Credits for more than one trade?

No. Turbo Credits are designed to be used in **a single trade only**. Once you use them, the credits are consumed — regardless of how much was used.

#### ❓ What if I win Turbo Credits from multiple campaigns?

If you are a winner of multiple campaigns, your new Turbo Credits will only be sent once you have used your existing Turbo Credits in a trade. This ensures fairness and avoids stacking unused credits.

#### ❓ Where can I get Turbo Credits?

Turbo Credits are distributed through:

* Campaigns and trading competitions
* Referral and community events
* Special promotions run by Tradoor

#### ❓ Summary of Key Terms & Conditions

* Turbo Credits cannot be withdrawn directly
* They can only be used once, to open a position or cover fees
* Profits generated from Turbo Credits are yours to withdraw
* Default expiry: **7 days**, unless a campaign specifies otherwise
* New Turbo Credits from multiple campaign wins will only be sent after existing ones are used
* You can also tap into the "Turbo Credits" voucher icon to read more about the specific rules the credits come with! This may differ for different campaigns.

<div align="left"><figure><img src="/files/JXkczMf9isUvE8EFaVER" alt="" width="375"><figcaption></figcaption></figure></div>

***

### Here’s how to claim your Turbo Credits and start trading:

1. Make sure you're already [connected to a TON wallet](https://docs.tradoor.io/~/revisions/kMfpgu7kTjip3AI6h1He/how-to-trade-on-tradoor/how-do-i-set-up-my-wallet-to-start-trading-on-tradoor)
2. Make sure your Turbo Mode is already activated (Accounts tab). You'll also be able to check if you've received your Turbo Credits in the same tab!

<div align="left"><figure><img src="/files/P58CtoAnyOXcWBK2LIBs" alt="" width="188"><figcaption></figcaption></figure></div>

3. Top up TON + USDT to start trading


# FAQs about Turbo Mode

### 1) What’s the difference between **Turbo Mode** and **Wallet Mode**?

**Turbo Mode** is faster and doesn’t need wallet pop-ups. You trade using a special non-custodial account linked to your device — no more signing every transaction. It also has the lowest fees. **Wallet Mode** uses your regular Telegram or TON wallet. Every trade must be signed manually, which can take longer and may fail in weak network areas. Both modes allow you to trade with low gas fees and zero slippage.

***

### 2) When should I use **Turbo Mode** and when should I use **Wallet Mode**?

Use **Turbo Mode** when you want:

* Fast trades (under 1 second)
* No wallet signing pop-ups
* To trade like a pro (high speed, better for active traders)

Use **Wallet Mode** if:

* You prefer signing every transaction manually
* You’re only doing a few trades
* You want to use your regular TON wallet directly

***

### 3) Is Turbo Mode safe?

Yes. Turbo Mode is **non-custodial**, which means **you still control your assets**. Your Turbo account is secured by a session key linked to your device. You can revoke access anytime.

***

### 4) Do I need to install anything to use Turbo Mode?

Nope! Everything works inside **Telegram** or the **Tradoor web app**. No browser extensions or downloads are needed.

Do note, however, that you need to have a TON wallet already set up in order to deposit funds into your Turbo Mode wallet.

If you need more help with that, you can read our guides here:\
[**How do I set up my wallet to start trading on Tradoor?**](https://docs.tradoor.io/tradoor-user-guide-v2/how-to-trade-on-tradoor/how-do-i-set-up-my-wallet-to-start-trading-on-tradoor)\
[**How do I add funds to my Telegram wallet?**](https://docs.tradoor.io/tradoor-user-guide-v2/how-to-trade-on-tradoor/how-do-i-add-funds-to-my-telegram-wallet)

***

### 5) What can I trade in Turbo Mode?

You can trade **Perps and Options** with **USDT and TON.**

* Coming soon: **swaps**, cross-chain deposits, and AI trading tools

***

### 6) Are there any extra fees?

Turbo Mode is gas-optimized. Each trade costs **around 0.015 TON** — that’s much cheaper than normal wallet trades.

***

### 7) How do I get started with Turbo Mode?

Just tap “Start Turbo Mode” on the app.

We’ll create a Turbo Account for you instantly — no wallet connection needed.


# What is liquidity?

**Liquidity** refers to the availability of assets in a trading pool that enables smooth and instant transactions.

**I**t's about how quickly you can convert your crypto into cash or another crypto without causing big price changes. High liquidity means you can trade easily, while low liquidity means it might be harder to buy or sell without changing the price a lot.

A **liquidity pool** is a smart contract holding funds that facilitate trades between different tokens. When users provide liquidity to a pool, they deposit tokens (e.g., $USDT, stablecoins or other assets) into this pool.

This pool then allows traders to buy and sell assets quickly without the need for an order book, reducing slippage and making the trading experience seamless.

People who provide these assets to the liquidity pool are called **liquidity providers (LPs)**. They earn a small fee from each trade that happens in the pool as a reward for their contribution. This helps make trading smoother, as there's always enough of each asset for people to swap between.

To summarize:

* **Liquidity** = How easily you can buy or sell an asset.
* **Liquidity pool** = A shared pool of crypto assets that makes trading easier on decentralized exchanges.


# Why add liquidity?

As a liquidity provider (LP), you share the revenue of the Tradoor protocol. The more successful Tradoor is, the more LPs will earn! Here’s why we encourage traders to add liquidity to pool:

* **Earn Rewards:** By adding liquidity, users earn a portion of the trading fees generated from transactions within that pool. Each time a trade is made, a small fee is charged, and liquidity providers receive a share of these fees proportional to their contribution in the pool.<br>
* **$DOOR Incentives:** Tradoor offers additional rewards in $DOOR tokens for liquidity providers. The more liquidity you provide and the longer you remain in the pool, the more $DOOR points you can accumulate as a bonus.<br>
* **Safeguarded with Liquidity Shield 2.0:** Tradoor has an upgraded anti-slippage security filter, safeguarding liquidity, and protecting both the Tradoor protocol and users from toxic flows and arbitrage attacks.\
  Powered by advanced machine learning, "Liquidity Shield" 2.0 can now identify friendly order flow with over 99% accuracy. This was specifically designed to protect the integrity of our Price Lock™ mechanism 💪, ensuring you never have to worry about price slippage when trading on Tradoor.<br>
* **Support Ecosystem Growth:** Providing liquidity helps to create a more stable and robust market, benefiting the entire Tradoor community. Increased liquidity reduces slippage, enables larger trades, and attracts more users to the platform.<br>
* **Flexibility:** We've eliminated strong lock-up periods and made our pool a friendlier place for your funds.<br>
* **Passive Income:** Earn like a legend and hold your crypto while you trade like a legend.


# How to add liquidity to pools?

Here’s a concise guide on how to add liquidity to pools on Tradoor:<br>

## Step One: Connect Your Wallet

Start by connecting a compatible wallet to Tradoor.&#x20;

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXdFcI4RDmXC0WBaplDZNyT2khLtx1SAqbyHSvBxpdCxEt0kYG69VrmvItYSVjVmkTqFj6-xd_FgzuwwGkoKuHSwWLUFyfPYYRo9vam2IU4bxPdEGFtpMGJ-AwHQjzuymMjyqBNlYKUK68BOYPI6jZZAt9s?key=AjHljL4E58k2V3zq65rebA)

## Step Two: Choose to add to Perps USDT Liquidity Pool or Perps TON Liquidity Pool

On the Perps or Options page, select Pool.

<div align="left"><figure><img src="/files/SyGCdRIdIvER2DUlzzcw" alt="" width="375"><figcaption></figcaption></figure></div>

## Step Three: Review Pool Information

Check details like Total Supply, Price, and APR.

\
![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXd0XXkcReQ1Z3-Y8cNMK3WUcHX-WaE2D3CUjuoB1t8kgL0jgJ3T_7T-NmYySoeaBq4G6yd7pXI9E9HlN6H_7sZu00KJLHTn0X4ZLWOiLR4IwEA_aSwpLkpV7QTPplAJGBFIo_6g06wSKBWkVjoH4QOz4FSn?key=AjHljL4E58k2V3zq65rebA)

> Note: **APR stands for Annual Percentage Rate.**
>
> It represents the annualized return on your investment in the liquidity pool, expressed as a percentage. This rate is an estimate of how much you could earn by providing liquidity to a pool over the course of a year, based on current trading volumes, fees, and rewards.\
> \
> The APR (Annual Percentage Rate) in Tradoor’s liquidity pools comes from:
>
> * **Trading Fees** – A small fee paid by traders on every trade, shared with liquidity providers.
> * **Funding Fees** – Payments exchanged between long and short traders based on market demand, benefiting liquidity providers.
> * **Rollover Fees** – A possible fee for keeping positions open for a long time (this may be removed later).
> * **Liquidated trades** – Lost funds from liquidated trades go to the liquidity pool. It's important to note that APR is not guaranteed and can fluctuate due to changes in trading activity, liquidity, and reward distribution. APR can vary widely based on the pool, market conditions, and the assets being traded.

## Step Four: Select Token Amounts

Select Buy TLP and enter the value of $USDT or $TON you wish to provide to the pool. select Confirm.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfOcDISXmnHHkhFhjsOjkH91sWezHzlNLUcI7nr36GIK27bDX_1J_1OuhcxouNGJ8uBT3KonvozuN7QNMjHg-t4-dZDqSJHt7soRKg_hfCQHvy8PihYvVYuvkLR0zSUwFWBqEEcEMpa7deKmozqfc3hr_dE?key=AjHljL4E58k2V3zq65rebA)

> The Tradoor Liquidity Provider (TLP) Pool is a liquidity pool that acts as a counterparty to traders — when traders seek to open leverage positions, they borrow tokens from the pool.\
> \
> The TLP token is the liquidity provider token where its value is derived from trading fees, funding fees, rollover fees, and price impact

## Step Five: Monitor Your Liquidity

You will receive liquidity pool TLP tokens.&#x20;

## Step Six: Earn Rewards

Earn a share of trading fees and accumulate $DOOR points, track your contributions and rewards through Pools.&#x20;

## Step Seven: Withdraw Liquidity

To withdraw, go to Pools, select Sell TLP. Confirm the transaction to receive your $USDT and rewards.

By following these steps, you can easily add liquidity to Tradoor pools and enjoy a sweet passive return!

<br>


# Frequently Asked Questions

Providing liquidity is a great way to earn passive income, but we understand that security and risks are top concerns. At Tradoor, we prioritize safety while offering some of the highest yields on the TON blockchain. Here’s everything you need to know:

***

## 1. Is Tradoor Safe to Use?

Yes. Tradoor is a decentralized exchange (DEX) on the TON blockchain, meaning you remain in full control of your funds at all times.To ensure security:

* [Audited smart contracts](https://docs.tradoor.io/audits)– Tradoor undergoes rigorous security audits.
* Liquidity Shield – Our AI-enhanced mechanism filters out toxic flow and bot attacks, protecting liquidity providers from unfair market conditions.
* No custodial risks – You never have to trust a third party with your funds.

As with any DeFi platform, risks exist, but Tradoor is built with multiple layers of protection to minimize them.

***

## 2. How Does the Tradoor Liquidity Pool Work?

Tradoor’s liquidity pool allows users to deposit TON and receive TLP (Tradoor Liquidity Provider) tokens in return. These tokens represent your share of the pool, and in exchange, you earn passive income from:

* Trading fees – A portion of every trade goes to LPs.
* Funding fees – Earn from the market’s funding rate mechanism.
* Liquidated trades – Some losses from liquidated positions are redistributed to the pool.

Your funds work for you, earning rewards automatically as traders interact with Tradoor.

***

## 3. What Are the Pros and Cons of Providing Liquidity?

**Benefits:**

* High Yields – Up to 113% APR, one of the highest on TON.
* No Lockups – Withdraw anytime, no commitments.
* Passive Earnings – Your rewards accumulate automatically.

**Considerations (With Built-in Protections!):**

* Impermanent Loss – If the price of TON fluctuates significantly, the value of your withdrawal may differ from your initial deposit. Mitigation: TON has deep liquidity and a growing ecosystem, reducing volatility risks over time.
* Smart Contract Risks – All DeFi platforms face potential vulnerabilities. Mitigation: Tradoor’s contracts are audited for security.
* Market Fluctuations – APR is variable and depends on trading activity. Mitigation: Higher trading volumes generally lead to higher rewards.

Tradoor is designed to maximize returns while actively minimizing risks, making it a powerful yet secure way to earn passive income.

***

## 4. Is 1 TON Always Equal to 1 TON-TLP?

Not always. TLP tokens represent your share of the pool, and their value fluctuates based on pool performance, trading volume, and fees collected.This means:

* Your share of the pool is always proportional to what you contributed.
* Over time, your rewards accumulate as fees from trading flow into the pool.
* However, if market conditions shift significantly, the final value of your withdrawal may differ from your deposit.

> For example, if you deposit 100 TON into the liquidity pool when the TLP price is 1.035 TON per TLP, you will receive approximately 96.62 TLP tokens (100 ÷ 1.035).\
> \
> Later, if you decide to withdraw and the TLP price has changed to 1.042 TON per TLP, your 96.62 TLP tokens will now be worth 100.7 TON (96.62 × 1.042), meaning you gained extra TON due to positive price movement.\
> \
> However, if the TLP price dropped to 1.025 TON per TLP, your 96.62 TLP tokens would now be worth 99 TON, meaning a slight reduction compared to your original deposit.\
> \
> This price fluctuation happens because TLP tokens represent a share of the pool, and their value adjusts based on trading fees, rewards, and market conditions.

***

## 5. Are There Any Fees to Provide Liquidity?

No. There are no deposit or withdrawal fees when providing liquidity in Tradoor’s pools.

***

## 6. Which Tokens Are Supported?

* TON Pool – Accepts only TON deposits.
* USDT Pool – Accepts only USDT deposits.

Each pool operates separately, and rewards are based on the trading activity of the respective token.

***

## 7. Is There a Minimum Lock-up Period?

No. You can enter and exit the liquidity pool anytime without penalties or restrictions.

***

## 8. How Can I Track My Results?

* Navigate to Perps → Pool and select your liquidity pool.
* Check TLP balance, APR, and rewards earned in real time.
* Monitor TLP price fluctuations to see how your holdings evolve.

Your rewards accumulate automatically and can be withdrawn at any time.

***

## 9. Can I Lose Money in the Liquidity Pool?

Providing liquidity is designed to be rewarding, but like any investment, it comes with risks. The key factors are:

* Impermanent Loss – If the price of TON changes drastically, your final withdrawal value may be affected.
* Fluctuating APR – Returns depend on trading activity, so earnings can vary.
* DeFi Risks – Despite audits, no system is 100% risk-free.

Why Tradoor is Different:

* [Audited contracts](https://docs.tradoor.io/audits) for security.
* Liquidity Shield to prevent unfair trades and bot attacks.
* Flexible withdrawals, so you’re never locked in.

We’ve built Tradoor to be one of the safest, highest-yielding liquidity pools on TON, with mechanisms in place to protect LPs.

***

## 10. How Do I Provide Liquidity?

1. Connect Your Wallet – Link a compatible wallet to Tradoor.
2. Go to the TON Pool – Navigate to Perps → Pool → TON tab.
3. Check Pool Stats – Review total supply, TLP price, and APR.
4. Deposit TON – Buy TLP tokens to enter the pool.
5. Earn & Withdraw Anytime – Rewards accumulate, and you can exit whenever you choose.

Providing liquidity is simple, transparent, and flexible—designed for both new and experienced users.

***

## 11. How Do I Withdraw My Liquidity?

Withdrawing is just as easy as depositing: Go to Pools → Sell TLP Confirm your withdrawal Receive your TON + rewardsThere are no penalties or lock-ups, so you can withdraw whenever you like.

***

## 12. What Determines the APR in Tradoor’s Liquidity Pool?

APR is based on real trading activity, which means it fluctuates. It comes from:

* Trading Fees – Every trade generates fees that go to LPs.
* Funding Fees – Long and short traders pay fees, benefiting liquidity providers.
* Liquidated Trades – Some liquidated positions contribute to the pool.

The more trading volume, the higher the rewards. While APR varies, Tradoor’s design consistently delivers some of the best yields on TON.

***

## 13. What Can I Do with TLP Tokens?

* Redeem them anytime to withdraw your liquidity.
* Stake them in farming pools for extra rewards.

TLP tokens are your proof of ownership in the liquidity pool, making them valuable beyond just earning rewards.

***

## 14. What’s the Difference Between Tradoor’s USDT Pool and TON Pool?

Tradoor offers two distinct liquidity pools, each catering to different preferences:

<figure><img src="/files/ovIaoNpkqJYvgrf42osy" alt=""><figcaption></figcaption></figure>

Both pools offer strong yields and passive income, but if you prefer lower risk, USDT may be the better option. If you’re bullish on TON and comfortable with some volatility, the TON pool can offer higher rewards.

***

## 15. Why Choose Tradoor’s Liquidity Pool Over Others?

Tradoor isn’t just another liquidity pool—it’s built to be the best on TON:

* Zero slippage & lowest fees – Thanks to our Price Lock mechanism.
* AI-Powered Protection – Liquidity Shield prevents bot attacks and toxic flow.
* Top-Tier Yields – Among the highest APRs in the TON ecosystem.
* No Lockups – Enjoy full control over your funds.

***

*With a strong focus on security, flexibility, and rewards, Tradoor is redefining liquidity provision in DeFi.Providing liquidity is a powerful way to earn passive income, and Tradoor’s advanced protections and high-yield structure make it one of the safest, most rewarding opportunities on TON.*\
\
*Ready to start earning? Join Tradoor’s Liquidity Pools today!*


# What are $DOOR points?

$DOOR is Tradoor’s native points and rewards system designed to incentivize and reward active participation within the platform’s ecosystem.

To earn $DOOR, users can engage in various activities designed to reward participation and support the platform’s growth. These activities include: trading, referring friends, completing tasks and feeding Sausage the Bull on Tradoor's reward platform.

Upon Tradoor's Token Generation Event (TGE), the $DOOR points can be converted by users to Tradoor's tokens.


# Earn rewards by trading

## Trading Perpetuals (Perps)

Earn $DOOR by actively trading perpetual contracts on Tradoor. The more you trade, the more rewards you can accumulate, with additional incentives for high trading volumes or specific trading pairs. This is a great way for frequent traders to earn rewards simply by engaging in regular trading activities.

## Trading Options

Similar to perps, users can earn $DOOR by trading options contracts. This includes purchasing calls, puts, or executing complex option strategies. Each trade earns you a certain amount of $DOOR, and high-volume or specific strategies may come with additional bonuses. This rewards users for engaging in risk management and leveraging strategies on the platform.

### To find out more about trading Perps and Options, check out the following:

<table data-view="cards"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th><th data-hidden data-card-cover data-type="files"></th></tr></thead><tbody><tr><td>Trading Perps 101</td><td></td><td></td><td><a href="/pages/SXAyGifJeSHHwXTLbWiR">/pages/SXAyGifJeSHHwXTLbWiR</a></td><td><a href="/files/sV75VRAoB2BPRwOpORrI">/files/sV75VRAoB2BPRwOpORrI</a></td></tr><tr><td>Trading Options 101</td><td></td><td></td><td><a href="/pages/cU9Pkh5OeNQOeUAv9fxA">/pages/cU9Pkh5OeNQOeUAv9fxA</a></td><td><a href="/files/pubb8l5IMjrl39g7xSgE">/files/pubb8l5IMjrl39g7xSgE</a></td></tr></tbody></table>


# Earn rewards by referring friends

With Tradoor’s referral program, you can earn $DOOR points and 10% of your friends' trading fees in $USDT for each friend you invite who signs up and trades.

This two-tier program also rewards you with 2.5% of the trading fees generated by your friends' referrals. $USDT and $DOOR points are automatically calculated and added to your account daily!

<div align="left"><figure><img src="/files/9s8gGqFySutpiXg1B8k5" alt="" width="360"><figcaption></figcaption></figure></div>


# Earn rewards by completing tasks

Users can earn $DOOR by completing specific tasks or missions set by Tradoor on the Rewards page.&#x20;

These tasks might include joining community events, participating in trading competitions, engaging with the platform’s social media channels, or even testing new features. Stay tuned to our socials to learn more of our future task rewards!

<div align="left"><figure><img src="/files/aVhXf1znHpHKEvTHMte5" alt="" width="375"><figcaption></figcaption></figure></div>


# How do I get connected on Tradoor?

## Get Connected

Unlock your full trading potential by getting connected with us at Tradoor! Stay ahead with exclusive access to expert insights, real-time market updates, and special promotions designed to give you an edge.&#x20;

Join our community for engaging discussions, participating in campaigns and challenges to earn rewards, or receiving personalised tips to sharpen your strategy.&#x20;

Don’t miss out—be part of our dynamic, growing community for smarter trading. Connect with Tradoor today!

## Stalk us on [X](https://x.com/tradoor_io)

Get real-time insights, sneak peeks, and trading tips straight from the source. Stay ahead with zero-fee days, contests, and expert advice to boost your game. Don’t miss a thing—follow [@tradoor\_io](https://x.com/tradoor_io) now!

\
Join our [Telegram News Channel](https://t.me/tradoor_io)
---------------------------------------------------------

Stay ahead by joining Tradoor’s Telegram News Channels! Get real-time updates, expert insights, and exclusive offers to boost your trading. Join now at <https://t.me/tradoor_io> and trade smarter!

\
What if I want to partner with you guys?
----------------------------------------

For partnership inquiries, feel free to reach out directly to our Head of Partnerships, [@vladykinlev](https://t.me/vladykinlev), on Telegram. He's ready to explore opportunities and discuss how we can collaborate!

\
What if I need help?
--------------------

Need assistance? Our team is here to help! Simply DM us on Telegram via <https://t.me/TradoorSupportBot> for any questions or support you need. We're ready to assist you!

\ <br>