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

# Trade Perps/Spot

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Navigate to **Perp/Spot** trading and select a token. Please note that you can select between perp and spot markets in the token search bar.

<figure><img src="/files/N6sLGuGeQjBvmUS7RDxQ" alt=""><figcaption><p>Leverage Page</p></figcaption></figure>
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Select **Long** or **Short** in the Trade Execution Terminal.

<figure><img src="/files/tAZz24z4dhjrVyp8TGzx" alt="" width="295"><figcaption><p>Trade Execution Terminal</p></figcaption></figure>
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**Longing vs. Shorting:** Key Concept

* **Longing**: This strategy involves purchasing an asset with the expectation that its value will rise. The goal is to buy at a low price and sell at a higher price to make a profit.
* **Shorting**: This involves selling borrowed assets at a high price, hoping the price will drop. The goal is to buy them back at a lower price, return the assets and pocket the difference.
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**Set size, leverage & place order:**

* Type in your size in BTC or USD.
* If you are placing a limit order, add the limit price.
* Pick your leverage. Leverage availability per token may vary.
* Optionally add TP/SL points.
* Place order.
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**Monitor your positions.**
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