💹Open/Close Positions

How to open a position?

There are three ways to open a position:

Opening a position with a limit order

Select "Limit Order," enter the "Order Price" and "Contract Quantity," choose either "Long" or "Short," and you will successfully place a limit order. Once the latest price matches the order price, the order will be executed and converted into a position.

Opening a position with a market order

Select "Market Order," enter the "Contract Quantity," choose either "Long" or "Short," and you will successfully place a market order. The order will be immediately executed and converted into a position.

Opening a position with a conditional order-Limit

Select "Conditional Order - Limit," enter the "Trigger Price," "Order Price," and "Contract Quantity," choose either "Long" or "Short," and you will successfully place a conditional order with a limit price. When the price meets the set trigger price, the conditional order will be triggered and converted into a limit order. Once the latest price satisfies the order price, it will be executed and converted into a position.

Opening a position with a conditional order-Market

Select "Conditional Order - Market," enter the "Trigger Price" and "Contract Quantity," choose either "Long" or "Short," and you will successfully place a conditional order with a market price. When the price meets the set trigger price, the conditional order will be triggered and converted into a market order. It will be executed at the prevailing market price and converted into a position.

How to close a position?

You may close your current position via 2 methods:

1. Close your current position by clicking on the Close By "Limit" or ”Market" icons and follow through on the request.

2. You may place a new order in the opposite direction of your current position (eg. current position 1 BTCUSD Short, to close the position, place an order for 1 BTCUSD Long). The position will be closed once the order has gone through.