> ## Documentation Index
> Fetch the complete documentation index at: https://docs.intention.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Your First Trade

> What a first trade on Intention Exchange will look like once the public app is available.

This page describes how a typical first trade on **Intention Exchange** (`app.intention.xyz`) will work once the public app launches. The mechanics — order types, margin modes, leverage, mark pricing, funding, and liquidations — already exist in the Intention protocol design and are documented in the [Trading](/trading/overview) section. Intention Exchange does not implement these itself; it inherits them from the L1 below it. The user-facing app is not yet available.

<Note>
  Intention Exchange has not shipped to mainnet yet. Do not use any third-party site that claims to offer Intention trading until the official URL is announced.
</Note>

## What you will be able to do

A first trade will follow roughly these steps:

1. **Connect** a wallet — see [Connect wallet](/get-started/connect-wallet).
2. **Deposit** collateral via the bridge — see [Deposit and bridge](/get-started/deposit-bridge).
3. **Pick a market** from the available perpetual futures. Each market has its own tick size, lot size, leverage tiers, and liquidity profile. See [Markets](/trading/markets).
4. **Choose a margin mode** — isolated for risk per position, cross for shared margin across all positions in the same account. See [Margin modes](/trading/margin-modes).
5. **Set leverage** for the contract within the listed tier. See [Leverage](/trading/leverage).
6. **Place an order** — market, limit, or one of the advanced types in [Order types](/trading/order-types).
7. **Manage the position** — attach a [TP/SL](/trading/tp-sl), [add margin](/trading/add-margin), or use [Quick Reverse](/trading/quick-reverse) to flip direction.

## Things to understand before you trade

* **Mark price drives P\&L and liquidations**, not the last trade price. See [Mark price](/trading/mark-price).
* **Funding** is paid hourly between longs and shorts and is settled by the protocol. See [Funding](/trading/funding).
* **Liquidations** happen when account equity falls below maintenance margin. See [Liquidations](/trading/liquidations) and [ADL](/trading/adl).
* **Sequencing** is deterministic: cancels are effectively preemptive against new placements within the same block. See [Transaction sequencing](/trading/tx-sequencing).

## Risk

Perpetual futures are leveraged products and can result in losses larger than the initial collateral on a position. Read [Resources — Risks](/resources/risks) before trading any size that matters to you.

<Note>
  This page will be replaced with a real walkthrough — screenshots, a worked example, and a sample order — once the app is live.
</Note>