> For the complete documentation index, see [llms.txt](https://docs.monday.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.monday.trade/spot-trading/how-to-trade-spot-on-monday-trade.md).

# How to Trade Spot on Monday Trade

### Order Types

Monday Trade supports the following order types:<br>

* **Market Order**: Buy or sell an asset instantly at the best available market price. Ideal for quick trades when timing is key.<br>
* **Limit Order**: Set a specific price to buy or sell an asset. The order only executes if the market reaches your chosen price (or better). Note: The price is guaranteed, but the order may not fill if the market doesn’t hit your target.&#x20;

### Place a Market Trade

{% stepper %}
{% step %}
In the **search bar** on the dapp UI and select the trading pair you want to trade (e.g. MON/USDC).

<div align="left"><figure><img src="/files/X253OGxZu6AUj2brF1tc" alt="" width="338"><figcaption></figcaption></figure></div>

{% hint style="info" %}
*Your wallet must have enough tokens for the trade and MON for gas.*
{% endhint %}
{% endstep %}

{% step %}
On the **trading panel,** select either Buy or Sell direction.

<div align="left"><figure><img src="/files/3jR7XJyZAxWUgLMjZguV" alt="" width="364"><figcaption></figcaption></figure></div>

{% endstep %}

{% step %}
Select **Market**.

{% endstep %}

{% step %}
(Optional) Click the **settings icon** in the trading panel’s top-right corner to adjust:

1. **Slippage tolerance:** The maximum price change you’re willing to accept.
2. **Transaction deadline:** The time limit for the trade to execute.

<div align="left"><figure><img src="/files/Uolp7uRUA02XfdDR0Hk5" alt="" width="362"><figcaption></figcaption></figure></div>
{% endstep %}

{% step %}
In the trading panel, enter Trade Value (the amount of tokens to **pay),** and **t**he amount of tokens to receive will automatically update.

<div align="left"><figure><img src="/files/7HJVEHq9Y67zU9Scz0dH" alt="" width="364"><figcaption></figcaption></figure></div>
{% endstep %}

{% step %}
If trading a token for the first time, click **Approve \[Token Symbol]** **to continue**, then confirm in your wallet.

{% endstep %}

{% step %}
Review the trade details in the wallet pop-up. If correct, click **Confirm**.

{% endstep %}

{% step %}
Approve the transaction in your wallet when prompted.

{% endstep %}
{% endstepper %}

Done! Your trade is complete. To view the transaction, click the transaction hash to check it on the Monad Explorer.

### Limit Order

To place a limit trade on Monday Trade:

{% stepper %}
{% step %}
In the **search bar** on the dapp UI, select the trading pair you want to trade (e.g. WMON/USDC).

{% hint style="info" %}
*Ensure your wallet has enough tokens for the trade and MON for gas.*
{% endhint %}
{% endstep %}

{% step %}
On the **trading panel**, select either Buy or Sell direction.

{% endstep %}

{% step %}
(Optional) Click the **settings icon** in the trading panel’s top-right corner to adjust:

**a. Slippage tolerance**

**b. Transaction deadline**
{% endstep %}

{% step %}
In the trading panel:

a. Enter the **price** (in the quote asset) at which you want to buy or sell.

b. Enter the amount of tokens to **pay,** and **t**he amount of tokens to receive will automatically update.

<div align="left"><figure><img src="/files/9BuNqQYZGH3IspeGvioq" alt="" width="364"><figcaption></figcaption></figure></div>
{% endstep %}

{% step %}
If trading a token for the first time, click **Approve \[Token Symbol]** to approve it, then confirm in your wallet.

{% endstep %}

{% step %}
Review the trade details in the pop-up window. If correct, click **Confirm.**

{% endstep %}

{% step %}
Approve the transaction in your wallet when prompted.

{% endstep %}

{% step %}
After the trade executes, go to the **Open Orders** section at the bottom of the page to **claim** your swapped tokens.
{% endstep %}
{% endstepper %}

Done! Your limit order is placed. To view the transaction, click the transaction hash to check it on the Monad Explorer.


---

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