Your first trade

This walkthrough uses the Evergreen webapp. You can follow every step today with your paper account ($10,000.00 of virtual USDG). Real trading will work the same way once wallets go live.

Open a position

1. 1
   Pick a market

   Click the market name or press Ctrl + K (⌘ + K on Mac) to search 37 markets by name or ticker. The ticker bar across the top also switches markets in one click.

2. 2
   Choose a direction

   Buy / Long profits if the price rises. Sell / Short profits if it falls.

3. 3
   Enter your collateral

   The USDG you want to put at risk. Apart from fees, this is the most you can lose on the position.

4. 4
   Set leverage

   Drag the slider or pick a preset from 2× to 200×. Your position size is collateral × leverage. Higher leverage means a smaller price move can liquidate you.

5. 5
   Review the summary

   Check the position size, entry price, acceptable price (the worst fill you'll accept, 1% away by default), liquidation price and trading fee before confirming.

6. 6
   Open the position

   Click Open Long or Open Short. The position appears under Positions with live profit and loss. Click Close to settle it; it then moves to History. With real funds, this step will ask your wallet to sign.

Worked example

You go long Apple with $100 collateral at 10× leverage while AAPL trades at $335.92:

• Position size: $100 × 10 = $1,000 (about 2.977 AAPL)
• Opening fee: $1,000 × 0.05% = $0.50
• If AAPL rises 5%, the position gains about $50, a 50% return on your collateral.
• If AAPL falls to about $303.17 (−9.75%), the position is liquidated.