> For the complete documentation index, see [llms.txt](https://flipper-3.gitbook.io/flipper-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://flipper-3.gitbook.io/flipper-docs/flipper-trading.md).

# Flipper Trading

Core Trading Concepts explains the key concepts used throughout Flipper. Whether you're new to trading or an experienced trader, this section will help you understand how orders are executed, how risk is managed, and how trading metrics are calculated.

<table data-view="cards"><thead><tr><th></th><th data-hidden data-card-target data-type="content-ref">Target</th></tr></thead><tbody><tr><td><mark style="color:$primary;"><strong>01 — ORDER TYPES</strong></mark><br>Understand the available order types.</td><td><a href="/pages/ZAtljr0T37n5yOxU72Lt">/pages/ZAtljr0T37n5yOxU72Lt</a></td></tr><tr><td><mark style="color:$primary;"><strong>02 — FEES</strong></mark><br>Learn how fees apply to trades.</td><td><a href="/pages/oyOX06050PlVC3JyEMIH">/pages/oyOX06050PlVC3JyEMIH</a></td></tr><tr><td><mark style="color:$primary;"><strong>03 — FUNDING RATE</strong></mark><br>Understand funding rates for perpetual positions.</td><td><a href="/pages/vxvHK7R2WMSoGXErgDqi">/pages/vxvHK7R2WMSoGXErgDqi</a></td></tr><tr><td><mark style="color:$primary;"><strong>04 — LEVERAGE</strong></mark><br>Understand leveraged market exposure and risk.</td><td><a href="/pages/Zpu8mrDNnOvaudVwyqbQ">/pages/Zpu8mrDNnOvaudVwyqbQ</a></td></tr><tr><td><mark style="color:$primary;"><strong>05 — MARGIN</strong></mark><br>Learn how collateral supports leveraged positions.</td><td><a href="/pages/oGNT90zoZ5pFjP5uCNLA">/pages/oGNT90zoZ5pFjP5uCNLA</a></td></tr><tr><td><mark style="color:$primary;"><strong>06 — SLIPPAGE</strong></mark><br>Understand price deviation and slippage tolerance.</td><td><a href="/pages/TAolGndUH9lUnnA41rsP">/pages/TAolGndUH9lUnnA41rsP</a></td></tr><tr><td><mark style="color:$primary;"><strong>07 — STOP-OUT PROTECTION &#x26; EXTERNAL LIQUIDATION</strong></mark><br>How Flipper handles stop-outs and venue liquidations.</td><td><a href="/pages/5C1MEbfpW1dqNpNugm76">/pages/5C1MEbfpW1dqNpNugm76</a></td></tr><tr><td><mark style="color:$primary;"><strong>08 — PNL (PROFIT &#x26; LOSS)</strong></mark><br>Track realized and unrealized profit and loss.</td><td><a href="/pages/62xh0d8eQLu1rLCOH86W">/pages/62xh0d8eQLu1rLCOH86W</a></td></tr><tr><td><mark style="color:$primary;"><strong>09 — HEALTH FACTOR</strong></mark><br>Monitor position health and risk exposure.</td><td><a href="/pages/92qZtleTTY5vEcSi1kng">/pages/92qZtleTTY5vEcSi1kng</a></td></tr></tbody></table>