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How to open leverage in BigONE mobile version
To engage in leverage trading on the BigONE platform, navigate to the "Trading" section, choose a trading pair and leverage, enter order details, review and submit the order, monitor it and manage open positions, and finally close the leveraged position when desired.
Nov 24, 2024 at 10:54 am
- Ensure you have a BigONE account and log in through the mobile app.
- Tap the "Trading" icon at the bottom of the screen.
- Under "All Trading" options, locate and select "Leverage."
- A list of available trading pairs will appear. Select the pair you wish to trade.
- Tap the "Leverage" button to adjust the leverage multiplier.
- Choose the desired leverage from the available options. Remember, higher leverage amplifies both potential profits and losses.
- In the "Order" section, specify the order type (Limit, Market, Stop Loss, etc.).
- Enter the desired order price or trigger price.
- Indicate the order quantity in the corresponding field.
- For Limit orders, set the desired price you wish to buy/sell at.
- Double-check the order details (pair, leverage, order type, quantity, price).
- Tap the "Confirm" button to proceed with the order submission.
- Confirm the final order details and tap on "Submit Order."
- Once your order is executed, it will appear in the "Open Positions" tab.
- Monitor your position's performance in real-time.
- Adjust the leverage or liquidate the position as necessary.
- Keep in mind the risk associated with leverage trading and trade responsibly.
- When you are ready to close your leveraged position, navigate to the "Open Positions" tab.
- Locate the position you want to close and tap on it.
- Select the "Close" option to execute the closing order.
- Confirm the closing details and tap on "Confirm Closing."
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