đHow it works
Last updated
Last updated
We designed Deribet to be as easy as possible to use, that is why we stripped down the UI from every non-necessary element. What you see is the result of months of optimization and user feedback.
There are three main components in the UI
THE CHART
The main part of the screen displays a candlestick chart, which is a type of financial chart used to describe price movements of an asset. Each candlestick typically shows one day of price data with four points: the open, high, low, and close prices. Available resolutions for data are 1 second, 5 seconds, 15 seconds and 30 seconds. We also support all technical indicators such as RSI, MACD, MA, EWMA, and more, be sure to check them all out as they will be of great help during your trading journey.
THE TRADING PANEL
This section is for placing trades and entering trade parameters such as:
Amount: The amount the user wants to allocate for the prediction.
Currency: The currency in which the trade is being made.
Balance: The current balance of the user's account.
Duration: The length of time for the prediction, which can be set by the user.
Payout: The potential payout percentage for a correct prediction, in this case, 92%.
Prediction Buttons: These are the "UP" and "DOWN" buttons, which the user can press to start a prediction.
THE TRADING DATA
This area displays the details of trade which are currently open as well as the closed ones. It shows:
Trade ID: A unique identifier for the trade.
Amount: The amount of currency used in the trade.
Direction: The prediction made by the user, which in this case is "UP", predicting that the price will rise.
Duration: How long the prediction is for, which is 30 seconds here.
Outcome: This will show whether the prediction was correct after the time expires.
PNL: Stands for Profit and Loss. It will show the outcome of the trade in terms of profit or loss after the prediction period ends.
Open Price: The price of Bitcoin at the time the prediction was made.
Close Price: The price of Bitcoin at the end of the prediction period.
Time: The timestamp when the trade was placed.
