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how to close a spot trade on mexc
To close a spot trade on MEXC, navigate to the Spot Trading page, find the open position you wish to close, cancel the open order, place a new order to close your position, and check the Trade History.
Oct 25, 2024 at 03:32 pm
- Go to the MEXC website or mobile app and enter your login credentials.
- Click on "Trade" on the top menu bar.
- Select "Spot Trading" from the drop-down menu.
- On the Spot Trading page, click on "Open Orders."
- Find the open position you want to close from the list.
- Click on "Cancel" for the order you want to close.
- Confirm the cancellation in the pop-up window.
- Once the open order is canceled, click on "Buy" or "Sell" as appropriate to close your position.
- Enter the desired quantity and price.
- Click on "Place Order."
- After you place the new order, go to "Trade History."
- Look for the closed position in the list.
- When you close a spot trade, you are selling or buying an equal amount of the asset to close the open position.
- Ensure you have sufficient funds in your account to cover the closing transaction.
- You can also use a Stop Limit order to automatically close your position if the market price reaches a certain level.
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