Image Credit: YouTube

Feb 07, 2024

Trading on Pi42: All You Need to Know

By: Bhumi Shrivastava

Embark on your trading journey with Pi42 by following these five simple steps.

Trading on Pi42

Image Credit:  Medium

The first step to start trading on Pi42 is to create an account on the platform. You will need to provide some basic information and verify your identity.

Getting Started

Image Credit:  Pinterest

Once your account is set up, you can deposit funds into your Pi42 wallet. The platform accepts deposits in INR and various cryptocurrencies.

Depositing Funds

Image Credit:  Mudrex

Pi42 offers a variety of trading pairs. You can choose a pair based on the cryptocurrency you wish to trade and the currency you want to trade against.

Choosing Your Trading Pair

Image Credit:  Admiral Markets

Now, you can place a trade. You can choose to place a market order, which will be executed immediately at the best available price, or a limit order, which will be executed at a specific price.

Placing Trades

Image Credit:  Bankrate

After placing a trade, it's important to monitor the market and your open positions. You can adjust your trades as necessary based on market movements.

Monitor Your Trades

Image Credit:  Techjockey

Gain insights into the potential rewards and risks of trading on Pi42, and discover why it's an appealing platform for traders of all levels.

Conclusion

Image Credit:  Medium