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Limora enables leveraged trading of cryptocurrencies against stablecoins. This guide covers the fundamentals of trading on the platform.

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How Trading Works

Limora operates on a peer-to-peer matching model:

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The Trader’s Role

Traders are the active participants who speculate on market movements. By opening leveraged positions, you seek to profit from price changes in either direction.

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Position Types

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Long Positions

Open a long position when you believe the asset price will increase.

Long Example

Scenario: You believe BTC will rise from $50,000
  • Open long with 100 USDC collateral at 10x leverage
  • Position size: 1,000 USDC
  • If BTC rises 5% to $52,500: You profit ~50 USDC (50% return)
  • If BTC falls 5% to $47,500: You lose ~50 USDC (50% loss)

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Short Positions

Open a short position when you believe the asset price will decrease.

Short Example

Scenario: You believe ETH will fall from $3,000
  • Open short with 100 USDC collateral at 5x leverage
  • Position size: 500 USDC
  • If ETH falls 10% to $2,700: You profit ~50 USDC (50% return)
  • If ETH rises 10% to $3,300: You lose ~50 USDC (50% loss)

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Key Concepts

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Collateral

The amount you deposit to open a position. This serves as your margin and determines your maximum loss (excluding fees).

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Leverage

The multiplier applied to your collateral to determine your position size.

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Liquidation Price

The price at which your position will be automatically closed to prevent further losses.
Higher leverage means your liquidation price is closer to your entry price. Use appropriate leverage for your risk tolerance.

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Trading Interface

The trading page consists of several key components:

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Order Form

Where you configure and submit trades:
  • Trading pair selector: Choose the asset to trade
  • Direction toggle: Long or Short
  • Collateral input: Amount to use as margin
  • Leverage slider: Multiply your exposure
  • Stop-loss/Take-profit: Optional risk management

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Price Chart

Real-time chart showing:
  • Current oracle price
  • Historical price action
  • Your entry and liquidation prices (when in a position)

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Position Panel

Displays your active positions with:
  • Entry price and current price
  • Unrealized P&L
  • Position size and leverage
  • Time held and interest accrued

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Trade States

Trades progress through several states:
1

Pending

Trade request submitted, waiting for a matcher to provide liquidity.
2

Active

Position is live, P&L updating in real-time.
3

Closing

Close request submitted, awaiting settlement.
4

Closed

Position settled, funds returned to balance.
Additional states:
  • Cancelled: Trader cancelled the pending request
  • Liquidated: Position closed due to insufficient margin
  • Expired: Pending trade not matched within time limit

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Available Trading Pairs

Trading pair availability and parameters may change. Check the app for current offerings.

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Best Practices

Begin with 2-5x leverage to understand the platform before using higher multipliers. Higher leverage amplifies both gains and losses.
Set a stop-loss on every trade to limit potential losses. This is especially important for leveraged positions.
Don’t risk more than 1-5% of your total capital on a single trade. Diversify your risk across multiple positions.
Check your positions regularly, especially during volatile market conditions. Be prepared to act if the market moves against you.
Factor in trading fees and interest costs when calculating potential profits. Review the fees page for details.

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Next Steps

Wallet Setup

Configure your wallet for Limora.

Opening Trades

Step-by-step guide to opening positions.

Leverage Guide

Understanding leverage and risk.

Fee Structure

Complete breakdown of trading costs.