> For the complete documentation index, see [llms.txt](https://docs.ashswap.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ashswap.io/ashperp/trade/trade-guide.md).
# Trade Guide
## How to open a position?
**Step 1:** Choose a pair in which you want to open a position
**Step 2:** Choose order type
* **Market:** To be used to opening a trade immediately. It will open at the market price (+ spread).
* **Limit:** To be used when you want to go long at a lower price than present, or to go short if the price reaches a higher price than present. The execution price is the determined limit price + spread.
* **Stop:** To be used when you want to go long if the price reaches a higher price than present, or to go short if the price reaches a lower price than present. You might want to use this to long a breakout, or short a breakdown. The execution price is the determined stop price + spread.
**Step 3:** Choose a position type
**Step 4:** Enter the remaining fields for your order
* Collateral
* Leverage
* Take profit
* Stop loss
**Step 5:** Review your order and open your position
## How to cancel an order?
**Step 1:** Open your orders list
**Step 2:** Choose the order you want to cancel and click on the X button, then confirm the transaction
## How to close a position?
**Step 1:** Open your positions list
**Step 2:** Choose the position you want to cancel and click on the X button, then confirm the transaction
## How to adjust a position?
**Step 1:** Open your positions list
**Step 2:** Choose the position you want to adjust and click on the adjust button; adjust your position, then click update or ESC if you don't want to make an adjust