How to trade on GMX

Go directly to app.gmx.io and verify the complete domain before connecting a wallet. Bookmarking the official app reduces exposure to sponsored-search phishing. A referral link should still end on app.gmx.io; the referral parameter changes attribution, not wallet permissions.

Choose Classic Trading for direct wallet funds or GMX Account for the account-based flow. Classic Trading is available with standard wallets on supported direct-market networks. GMX Account uses Express Trading and settles positions on Arbitrum. Smart-contract wallets currently use Classic Trading.

Open the Trade page and select an index market such as BTC/USD or ETH/USD. Choose Long if you want positive exposure to the index price or Short if you want negative exposure. Then select the token used to pay margin.

Collateral choice affects more than convenience. Stablecoin collateral keeps the margin value more stable in USD terms. Volatile collateral can add a second source of price exposure and can move the liquidation price even when the index does not. Hover over the market and collateral details rather than assuming every token combination behaves the same.

Margin is the value you contribute; position size is the total notional exposure. Leverage is derived from those values and changes when fees, profit, loss or collateral value changes. High leverage leaves less room for adverse movement and accumulated costs.

Enter the margin or position size and use the leverage control to confirm the resulting exposure. Treat the interface liquidation price as a live estimate, not a fixed promise. Borrowing fees, funding fees, collateral prices and market configuration can move it while the position is open.

Expand the Execution details panel. Check the position fee, network fee, allowed slippage, stored price impact, leverage, collateral, liquidation price and the current borrowing and funding rates. Most standard position operations use a 0.04% or 0.06% fee depending on whether they improve or worsen open-interest balance.

For a market order, allowed slippage limits unfavorable price movement between submission and execution. Limit and trigger orders use a fixed acceptable price. Net price impact is a separate adjustment based on open-interest balance. A referral discount applies to eligible open and close position fees, not to borrowing or funding.

After execution, the Positions list shows size, net value, collateral, entry price, mark price, liquidation price and active orders. You can add or withdraw collateral, increase size, set take-profit or stop-loss orders and close part or all of the position.

A stop-loss is not guaranteed to execute before liquidation. Fast moves, missing signed prices, insufficient liquidity or on-chain validation failures can prevent execution. When closing, review the new fee estimate, net price impact and collateral received rather than relying only on the chart price.

Use a small position to learn the transaction flow. Avoid maximum leverage, leave space between a stop-loss and the liquidation price, and understand every token approval before signing it. Do not share seed phrases or private keys with a site claiming to provide support.

After the trade, verify the execution and fees in the GMX history view or on a block explorer. This makes the first transaction an operational test and helps you understand how the quoted values become the final on-chain result.