How do I use Coinbase wallet's 'trade' feature?

Could you elaborate on how a user can effectively utilize the 'trade' feature within the Coinbase wallet? I'm particularly interested in understanding the steps involved in initiating a trade, managing orders, and any additional features or options that Coinbase wallet provides to enhance the trading experience. I'd also appreciate any insights on best practices or strategies that could potentially maximize profits while minimizing risks during the trading process.