Read the pair
BTC/USDT means Bitcoin is the base asset and USDT is the quote asset. The displayed price states how much quote currency buys one unit of the base asset.
Choose an order type
A market order prioritizes immediate execution. A limit order prioritizes a chosen price but may remain open or fill only partially.
Inspect liquidity
Spread, order-book depth and recent volume influence execution quality. Thin markets can create more slippage.
Define risk first
Decide position size, invalidation level and maximum acceptable loss before entering. Avoid relying on a single indicator or forecast.
Review execution
Compare intended price with average fill, fees and resulting position. Maintain records so decisions can improve over time.