# 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="https://2087017349-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn4pTwA8lON53MAXxnP3m%2Fuploads%2FCjocMVC4dgETvqyQRwBE%2FScreenshot%202025-04-24%20at%2020.14.51.png?alt=media&#x26;token=86bd3543-489f-4e6f-b5d4-5076a34543bd" 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="https://2087017349-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn4pTwA8lON53MAXxnP3m%2Fuploads%2FZVLBPFTrj90IbMbU4J6y%2FScreenshot%202025-08-18%20at%2012.43.18%E2%80%AFPM.png?alt=media&#x26;token=8ac0b646-184b-4959-b285-727166b4fd46" 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="https://2087017349-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn4pTwA8lON53MAXxnP3m%2Fuploads%2FtQgdC2I0zilgF3b6XlM1%2FScreenshot%202025-04-24%20at%2020.28.12.png?alt=media&#x26;token=d54cc96f-82f2-4774-a1f1-f8048afeeaa8" 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="https://2087017349-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn4pTwA8lON53MAXxnP3m%2Fuploads%2FiCeeZ7jIYZwJDJ6hcUq1%2FScreenshot%202025-08-18%20at%201.09.31%E2%80%AFPM.png?alt=media&#x26;token=415ca199-ac47-4cd4-87de-a7c5e6941dc0" 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="https://2087017349-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn4pTwA8lON53MAXxnP3m%2Fuploads%2FP2b7n4uLLbd3pGaymgaV%2FScreenshot%202025-08-18%20at%201.13.38%E2%80%AFPM.png?alt=media&#x26;token=7d5cd5ad-81f5-41d7-aac8-3f6ee0cabc64" 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.