How to close a position on ProBit Global contracts

Closing a position on ProBit Global contracts entails locating the desired open position, confirming closure details, and checking the updated account balance for profit or loss.

Nov 27, 2024 at 11:48 am

How to Close a Position on ProBit Global Contracts

Closing a position on ProBit Global contracts involves several steps. Follow these instructions carefully to ensure a smooth and successful process:

Step 1: Log In to Your ProBit Global Account

Visit the ProBit Global website ([https://www.probit.com](https://www.probit.com)) and click on the "Log In" button located at the top right corner of the page.
Enter your registered email address and password.
Click on the "Log In" button to access your account dashboard.

Step 2: Navigate to the Contracts Trading Page

Once you are logged in, hover over the "Trade" tab located at the top of the page.
From the drop-down menu, select "Contracts."
You will be redirected to the contracts trading page, where you can view and manage your open positions.

Step 3: Locate the Open Position You Want to Close

On the contracts trading page, you will see a list of your open positions.
Identify the position you want to close by looking at the contract details, such as the underlying asset, contract type, and leverage.

Step 4: Click on the "Close" Button

Once you have located the open position you want to close, click on the "Close" button associated with that position.
A confirmation dialog box will appear, asking you to confirm your intention to close the position.

Step 5: Confirm the Position Closure

In the confirmation dialog box, carefully review the details of the position closure, including the closing price, profit or loss, and fees involved.
If everything looks correct, click on the "Confirm" button to proceed with closing the position.
Your position will be closed immediately, and the profit or loss will be reflected in your account balance.

Step 6: Check Your Account Balance

After closing the position, go to your account dashboard and check your account balance.
You should see the updated balance reflecting the profit or loss from the closed position.

Additional Tips for Closing Positions on ProBit Global Contracts

Use Limit Orders: When closing a position, it's recommended to use limit orders to ensure a specific closing price. By setting a limit order, you specify the maximum or minimum price at which you want to close the position.
Manage Risk: Always be aware of the risks involved in contracts trading. Use appropriate risk management tools, such as stop-loss orders, to limit potential losses.
Monitor Your Positions Regularly: Regularly monitor your open positions to track their performance and identify any potential risks. Closing positions promptly can help minimize losses.

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