> For the complete documentation index, see [llms.txt](https://docs.ionex.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ionex.trade/ionex-perps/platform-overview/trading-guide.md).

# Ionex Trading Guide

Follow these steps to open and manage a position.

1. Connect wallet & choose network

* Connect any EVM wallet. Select Plasma.

2. Deposit USDT

* Fund your cross‑margin account. Deposits are immediate; withdrawals finalize after a 12‑hour fraud‑proof window.

3. Select market & size

* Choose a symbol (see in‑app list). Set direction (long/short), size, and desired leverage within limits.

4. Request & accept a quote

* Submit your trading intent. Orbs’ solver network returns competitive quotes. Review margin impact, fees, and accept to execute.

5. Manage risk

* Monitor PnL, maintenance margin, and account health. Add collateral or reduce exposure as conditions change.

6. Close & withdraw

* Close positions partially or fully. Withdraw USDT as needed (subject to the 12‑hour window).

> Risk warning: Perpetuals are high risk and can lead to rapid losses. Use leverage responsibly and never trade with funds you cannot afford to lose.

## Typical pitfalls

* Slippage around prints or during high volatility can widen fills.
* Funding over long holds can erode returns even if direction is correct.
* Leverage creep: adding size while equity falls increases liquidation risk.

## Checklist before accepting a quote

* Network selected correctly (Plasma) and wallet connected
* Collateral sufficient; understand IM/MM impact
* Leverage sanity: confirm liquidation distance
* TP/SL configured (partial or full) as needed

## Quote lifecycle (sequence)

![Quote lifecycle](https://3946410858-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FemxVQ1ZV4jv5yOxSB8pd%2Fuploads%2Fgit-blob-07a7bcb8ccb1e28adc262ff28b9f82c40776b18c%2Fdiagram-trading-guide.svg?alt=media)