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How to close a position on CoinEx contract
To close a futures contract on CoinEx, navigate to the futures trading interface, select the contract, click 'Close Position', enter the amount to close, and confirm.
Nov 26, 2024 at 08:10 am
How to Close a Position on CoinEx Contract
CoinEx is a leading cryptocurrency exchange that offers a wide range of trading options, including futures contracts. Futures contracts are agreements to buy or sell a specific asset at a predetermined price on a future date. They can be used for hedging, speculation, or arbitrage.
If you're holding a futures contract on CoinEx and want to close it, you'll need to follow these steps:
1. Navigate to the futures trading interface and click on Contracts.
2. Select the CoinEx contract you wish to close from the list.
3. Click on 'Close Position'.
4. Enter the amount of the position you want to close and click 'Close'.
Your position will now be closed and you will receive or pay the profit or loss.
Additional information:
- You can closing only portion of you position if needed.
- If you want to close all of your position, you can click the 'Close All' button.
- The minimum closing amount for a position is 1 contract.
- The closing fee is 0.03% of the contract value.
- The closing price is the market price at the time you click 'Close'.
- You can view your closed positions in the 'Order History' tab.
Here are some additional tips for managing your CoinEx futures contracts.
- Keep track of your positions and make sure you understand the risks involved.
- Use limit orders to protect yourself from large losses.
- Don't overleverage yourself.
- Use a stop-loss order to protect yourself from large losses.
- Close your positions before they expire.
By following these tips, you can help yourself to maximize your profits and minimize your losses when trading futures contracts on CoinEx.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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