Your First Trade
BeginnerStep-by-step guide to placing your first trade on SPIKE.
Ready to start trading? This guide walks you through placing your first position on the SPIKE trading terminal.
Getting to the Trading Terminal
1
Open the Terminal
Click "Trade" in the sidebar or use the keyboard shortcut to navigate to the trading page.
2
Select an Instrument
Use the instrument panel on the left to browse available crypto pairs, forex, or indices.
3
Analyze the Chart
Use TradingView charting tools to perform your technical analysis. Draw support/resistance levels, add indicators, and identify your setup.
4
Place Your Order
Enter your position size, set your stop-loss and take-profit levels, then click Buy or Sell.
5
Monitor Your Position
Track your open position in the Portfolio panel at the bottom of the screen.
Risk Management
Always set a stop-loss on every trade. Remember your daily loss limit and maximum drawdown — breaching either will close your account.
Order Types
- Market Order — Execute immediately at the current market price
- Limit Order — Execute when the price reaches your specified level
- Stop Order — Trigger a market order when price hits your stop level
- Stop-Limit Order — Trigger a limit order at your stop level
Was this helpful?