# Orders

Orders are positions waiting to be opened. 

<figure><img src="https://2409618720-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLeVxYGMCSgN2gnHGcfCk%2Fuploads%2FrpLDrGhfzLHdDX650WmK%2Fimage.png?alt=media&#x26;token=33999dea-f817-472e-9452-6eccae249279" alt=""><figcaption></figcaption></figure>

{% hint style="success" %} <mark style="color:green;">**Glossary for the image above**</mark><mark style="color:blue;">**:**</mark> :arrow\_heading\_down:

**Bitcoin**: This is the asset you are currently trading.

**Long 10x**: The direction of your trade and the amount of leverage.

**Entry**: This is the current USD value of the cryptocurrency you want to trade.

**Limit $35,000**: When bitcoin reaches this price, your position will open.

**Collateral**: This is the amount of money you will enter the trade with, which may be lost in a liquidation.

**Liq. Price**: This is the price at which your trade will be automatically closed or "liquidated."

**Cancel:** This allows you to cancel the order before it takes effect.&#x20;
{% endhint %}