First Trade

Now that your account is funded, let’s place your first order.

Placing a Market Order

A market order is the simplest way to trade. It executes immediately at the best available price.

In this example, we will buy BTC-PERP using a market order.


import { Side, FillMode } from "@n1xyz/nord-ts";
 
// Market ID 0 represents BTC-PERP on 01 Exchange
const MARKET_ID = 0;
 
try {
  console.log("Placing market order...");
 
  const result = await user.placeOrder({
    marketId: MARKET_ID,
    side: Side.Bid, // Buy
    fillMode: FillMode.FillOrKill, // FOK for Market Order
    isReduceOnly: false,
    size: 0.01, // Quantity of BTC
    // Note: For market orders, price is set to an aggressive value internally
  });
 
  console.log("Order placed successfully!");
  console.log("Action ID:", result.actionId);
 
} catch (error) {
  console.error("Trading failed:", error);
}

Verifying the Trade

After placing the order, you can check your positions to confirm the trade was executed.


// Refresh data
await user.fetchInfo();
 
// Check positions for Market ID 0 (BTC)
const position = user.positions[MARKET_ID];
 
if (position && position.size > 0) {
  console.log(`Current Position: ${position.size} BTC`);
  console.log(`Entry Price: ${position.price}`);
} else {
  console.log("No active position found.");
}

Congratulations! You have successfully initialized the SDK, funded your account, and executed your first trade.