Best Practices for Secure Trading

Trading on decentralized platforms requires careful security measures to protect your assets from potential threats. By following best practices, traders can reduce risks and maintain a safe trading environment while using Motion.

Verifying Token Contracts Before Trading

Many new tokens launch on decentralized exchanges, but not all are legitimate. Before making a trade:

• Verify the contract address using official sources or trusted community channels.

• Avoid tokens that have no public contract verification or developer transparency.

• Check for any trade restrictions, such as high sell taxes or anti-sell mechanics, that could prevent selling later.

Managing Slippage and Trade Settings Safely

Setting slippage too high in volatile markets may lead to unfavorable trade execution. To avoid issues:

• Adjust slippage based on market conditions rather than setting it at 100% by default.

• Double-check trade details before confirming, especially in high-traffic launches.

• Use stop-loss and take-profit settings to automate risk management.

Protecting Against Phishing and Scams

Scammers often impersonate trading bots or customer support to steal funds. To stay protected:

• Only use the official Motion bot link and avoid clicking on links shared by unknown sources.

• Never share private keys, seed phrases, or wallet details with anyone.

• Be cautious of fake trading platforms or phishing websites mimicking Motion’s interface.

Keeping Your Wallet Secure

Since Motion requires a wallet to execute trades, keeping it secure is essential:

• Use a separate wallet for high-risk trades to protect long-term holdings.

• Regularly check wallet balances and transaction history for any suspicious activity.

• If a wallet is ever compromised, transfer funds to a secure wallet immediately.

Monitoring Market Conditions Before Trading

Before executing trades, review market conditions to ensure you are making informed decisions:

• Check liquidity levels to confirm there is enough volume to enter and exit positions.

• Watch for sudden price movements that may indicate artificial pumps or market manipulation.

• Be aware of network congestion, which can cause delays in transaction execution.

By implementing these best practices, traders can reduce risks and improve security while using Motion for automated and manual trading.