📄️ Trading overview
GMX is a decentralized exchange that lets you trade without a username or password. The platform uses oracle-based pricing sourced from aggregated exchange data, which reduces the risk of liquidations from temporary wicks. For details on how pricing works, see Pricing on GMX.
📄️ Positions and order types
This page covers how pricing works on GMX, how to open and manage positions, the available order types, and swaps.
📄️ Fees
This page covers all fees on GMX, including trading fees, swap fees, price impact, funding, borrowing, and network fees.
📄️ Liquidations and ADL
This page covers liquidation mechanics, Auto-Deleveraging (ADL), and trading risks.
📄️ Direct URLs
The GMX frontend supports direct URLs that pre-fill trade parameters, letting you share specific trading configurations or deep-link users into a particular state.