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how to close position on mexc
To close a position on MEXC, log in to your account, select the appropriate market, enter trade parameters in the order form, review and submit your order, then monitor its status and receive confirmation upon its execution.
Oct 26, 2024 at 10:13 pm

How to Close a Position on MEXC
1. Login to MEXC and Navigate to the Trading Page
- Visit the MEXC website (https://www.mexc.com) and log in to your account.
- Click on the "Trade" tab located in the top menu bar.
2. Select the Appropriate Market
- In the trading interface, choose the market you want to close a position in from the list of available markets.
- For example, to close a position in the BTC/USDT market, click on the "BTC/USDT" tab.
3. Open the Order Form
- On the right side of the trading page, you will see the order form.
- Click on the "Sell" or "Buy" button, depending on whether you want to close a short or long position, respectively.
4. Enter Trade Parameters
In the order form, specify the trade parameters as follows:
- Quantity: Enter the amount of the asset you want to sell or buy to close your position.
- Price: If desired, enter the limit price at which you want to execute the closing order.
- Choose "Market" or "Limit" order type as per your preference.
5. Confirm and Place the Order
- Review the order details carefully.
- Click on the "Place Order" button to submit your closing order.
6. View Order Status
- Your closing order will be placed in the order book.
- You can track its status in the "My Orders" section of the trading page.
7. Order Execution
- When the market price reaches your specified limit price (if you placed a limit order), your closing order will be executed.
- You will be notified when the order is filled.
8. Settlement
- Once your closing order is executed, your position will be closed.
- The proceeds from the executed order will be credited to your MEXC account.
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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