Trading Guide

Understanding XRPL DEX Trading

Trading on the XRPL DEX is different from centralized exchanges. Here's what you need to know:

• Order Books and Liquidity Pools
• Market Makers vs. Takers
• Trading Pairs and Routes
• Fee Structure

Best Practices

• Always use limit orders for better prices
• Check liquidity before large trades
• Understand slippage and its impact
• Monitor market trends

Risk Management

Protect your investment with these risk management strategies:

• Never trade more than you can afford to lose
• Use stop-loss orders when available
• Diversify your portfolio
• Keep records of your trades

Advanced Trading

• Technical Analysis basics
• Understanding market depth
• Trading psychology
• Arbitrage opportunities