# Trading

#### [**What do I need to start trading on Monday Trade?**](https://docs.monday.trade/introduction/how-to-start-trading-on-monday-trade/connect-your-wallet-to-monday-trade)

Just a supported crypto wallet, some assets (like ETH or USDC), and gas tokens (for Monad network). No sign-ups or emails required.

#### [How do I place a trade?](https://docs.monday.trade/spot-trading/how-to-trade-spot-on-monday-trade)

1. Connect your wallet.
2. Select the token you want to swap and the one you want to receive.
3. Enter the amount and confirm the transaction.
4. Approve the token (if it’s your first time) and submit the swap.

#### [What assets can I trade?](https://docs.monday.trade/spot-trading/spot-contract-pair-specifications)

You can trade any tokens supported by Monday Trade. 

#### <mark style="color:$primary;">How can I avoid high slippage and price impact?</mark>

To trade safely, especially in low-liquidity pools, follow these tips:

1. **Check Pool Liquidity Before Trading**:
   * Avoid large trades in pools with low liquidity, as they lead to high price impact.
2. **Use Limit Orders**:
   * Instead of market orders, place **limit orders** at your desired price. These execute only if the price matches, avoiding surprises.
3. **Set Realistic Slippage Tolerance**:
   * For low-liquidity pools, consider a higher slippage tolerance (e.g., 1-3%) to ensure your trade executes, but be aware of potential losses.
   * Monday Trade will warn you if your trade’s price impact exceeds 3% — pay attention to these alerts!
4. **Break Up Large Trades**:
   * Instead of one large trade, split it into smaller trades over time to reduce price impact per trade.