What is a trading terminal?

A trading terminal is a specialized interface that provides traders with the tools they need for market analysis and opening and managing their trades. Its role is essential for facilitating convenient and efficient trading on the exchange.

Main purposes of the trading terminal:

Market access

• Allows traders to see current prices, trading volumes and liquidity.
• Provides quick access to various trading instruments.
  
  

Fast execution

• Assets can be instantly bought or sold without delay.
• Different types of orders (market, limit, stop orders) help to optimize the strategy.
  
  

Market analysis

• Charts, indicators, trend lines help to assess the market situation.
• Technical and fundamental analysis tools help to predict price movements.
  
  

Risk management

• Dividing capital into different assets to minimize losses.
  
  

History of transactions and portfolio accounting

• Allows you to track balance sheet, profit/loss and effectiveness of strategies.
• You can analyze past trades and make adjustments to your trading approach.

WhiteBIT Australia trading terminal overview

This is what the trading terminal looks like. The central focus of the page is an interactive chart displaying the price dynamics of the chosen pair. This chart offers various time intervals and technical analysis tools. We will now analyze all of its features and other functions in detail, step by step.

Selecting a trading pair

In the upper left part of the trading terminal, you can select from a range of trading pairs. To help find the ticker or pair you want, try the search bar or have a look at the categories underneath to filter the list. Next to the selected pair, you can see brief statistics, including trading volume and rate changes over the last 24 hours.

Chart analysis

Drawing tools are available on the chart. These are essential for a detailed analysis of the market and for adapting your decisions to your trading strategy. You can use them to mark support and resistance levels, draw trend lines, apply technical analysis indicators, and make notes directly on the chart.

In the same section, you can select the time interval, set up quick access to favorite instruments, change the chart display type (for example, Japanese candlesticks or bars), and edit the display mode.

The selection of indicators and tools for analyzing market movements and trends on the chart is worth mentioning separately. Here, you can add various indicators, such as EMA (exponential moving average), to identify trends or Volume (trading volume) to analyze market activity. You can also access additional tools, including RSI, MACD, and Bollinger Bands, for more in-depth technical analysis.

In the upper right side of the chart, you will find the option to select the chart type. The available options include the Basic chart and the TradingView chart. Selecting the TradingView chart provides access to additional analysis tools such as indicators and charting tools. You can also analyze the market depth (orderbook) by switching to the Depth chart.

In addition, you can expand the chart to full screen for easier analysis, take screenshots by clicking the camera icon, and set up notifications for a specific price or percentage change in an asset by selecting the alarm icon.

The settings below let you change the chart's price level display and choose a different time zone, so you can customize the data presentation to your preferences and specific trading requirements.

Open orders, History and Balances

At the bottom of the page, there is a section for managing orders and positions. You will also find the history of your recent trades for the selected trading pair.
In the corresponding tabs you can:

• Check active orders.
• Track open positions.
• View trading history.
• Check account balances to assess available funds and make trading decisions quickly.

An "All Markets" toggle is also available, allowing you to filter the displayed information by specific markets.

Orderbook

The right side of the trading terminal contains the orderbook. This tool displays a list of buy and sell orders for an asset in real time. It helps traders assess market liquidity, identify possible support and resistance levels, and make decisions on entering and exiting trades.

In the orderbook, you can:

• View the spread (the difference between the best buy and sell prices).
• Change orderbook direction (display from bottom to top or top to bottom).
• Adjust the price step for easy analysis.

To the right of the orderbook is the history of recent trades, which displays:

• Execution price.
• Transaction volume.
• Time of fulfillment.

Below the recent trades, there is information about the trading pair, including:

• Trading fee (taker's and maker's fee).
• Minimum order size and step.
• Ping (server response time).

When you hover over each of the values, you will see more information about them.

Order placement form

Below the order book there is a form for creating different types of orders. It is here that traders can place orders to buy or sell an asset, selecting the appropriate order type and customizing the parameters of the transaction.

Available order types are as follows:

• Limit – allows you to set the exact buy/sell price.
• Market – executes instantly at the current market rate.
• Stop-Limit – triggers when the specified price (stop price) is reached and creates a limit order.
• Stop-Market – turns into a Market order after the stop price is activated.
• Multi-Limit – allows placing several Limit orders simultaneously.

Additional parameters for more flexible order management are also available:

• Post-only – ensures that the order will be added to the order book as a limit order and not executed immediately.
• IOC (Immediate or Cancel) – executes the order immediately, and any portion not filled immediately is canceled.
• BBO (Best Bid Offer) – automatically selects the best price to execute the order.

To learn more about each order type, hover your cursor over the question mark next to it (a brief description will appear).

You can also find more detailed information in our articles:

• "Types of orders on the exchange and their features" at the link.
• "How to place an order from the site?" at the link.
• "Post only & IOC" at the link.
• "What is BBO ("Best-bid-offer") option?" at the link.
• "Multi-Limit Order" at the link.

The trading terminal is a universal tool for analyzing the market and making trades. It combines a chart with advanced settings, trading history and a convenient order placement system.

By using different order types, adjusting the parameters of trading instruments and analyzing market data, users can adapt their strategy to their goals.

It's important to remember: before you start trading, read our tutorials to maximize the use of all the platform's features.

Support

In case of any questions related to the functionality of our exchange, you can:

• Leave a request on our website;
• Write to the support email: support@whitebit.au;
• Write to the chat using the button in the lower right corner of the screen.