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

# Trading Rules

This section covers the core rules governing orders and positions on TxFlow.

<table><thead><tr><th width="235.76171875">Pages</th><th width="590.39453125">Description</th></tr></thead><tbody><tr><td><a href="/perp/trading-rules/margin-tiers.md">Margin Tiers</a></td><td>Maximum leverage by asset and position size</td></tr><tr><td><a href="/perp/trading-rules/position-and-order-limits.md">Position and Order Limit</a></td><td>Limitation of position and placing orders</td></tr><tr><td><a href="/perp/order-types-and-matching.md">Order Types and Matching</a></td><td>Market, Limit, and advanced orders</td></tr><tr><td><a href="/perp/liquidations.md">Liquidation</a></td><td>Detailed liquidation mechanics</td></tr><tr><td><a href="/perp/trading-fees.md">Trading Fees</a></td><td>Trading and funding fees</td></tr></tbody></table>