A market order is the simplest way to open a position or swap assets. The order or position is opened immediately when the market order transaction is executed, using the current price on the chosen DEX.
To protect themselves from price fluctuations, Traders can set slippage tolerance.
For step-by-step guidance, please check How to open a Margin Market Position, How to open a Spot Market Position and How to do a Market Swap.
Take Profit / Stop Loss can be set for Margin and Spot 1X to automate position closing.
Here's an example of a successful isolated Margin Position:
A trader wants to open a 10,000 USDC long ETH/USDC position with x5 leverage. The ETH price is 2,000 USDC, borrowing at an Annual Percentage Rate of 12%.
The trader provides an initial deposit: an obligatory 2,000 USDC to cover the initial margin for the x5 leverage.
The first swap is performed: 10,000 USDC - 8,000 borrowed from the Bucket and 2,000 provided by the trader - is exchanged for 5 ETH. The position is opened, and the exchanged assets are locked.
In a month, the ETH price reaches 2,200 USDC, and the trader decides to close the position.
The second swap is performed: 5 ETH is swapped for 11,000 USDC.
8,000 USDC (the size of the loan) + 80 USDC (the borrowing fee) are returned to the Credit Bucket. The rest of the liquidity - 2,000 USDC initial deposit and 920 USDC profit - is returned to the trader. The position is closed.