How to return MEXC full leverage

Nov 14, 2024 at 11:03 am

How to Return MEXC Full Leverage

Understanding Full Leverage on MEXC

MEXC Exchange offers up to 125x leverage on certain cryptocurrencies, allowing traders to amplify their returns. However, this comes with significant risks, and understanding the mechanics of full leverage is crucial before utilizing it.

Steps to Return MEXC Full Leverage

1. Log In to Your MEXC Account

• Visit the MEXC website or mobile app and sign in to your account.

2. Navigate to the Futures Trading Interface

• Click on the "Futures" tab at the top of the page.
• Select "USDT-M" or "Coin-M" futures, depending on your preferred trading pair.

3. Select a Trading Pair and Leverage

• Choose the trading pair you wish to trade.
• On the right-hand panel, adjust the leverage ratio to 1x. This will return your account to normal leverage.

4. Enter an Order

• Enter your desired trade parameters, including order type, quantity, and price.
• Click the "Buy/Long" or "Sell/Short" button to execute the order.

5. Monitor Your Position

• Once your order is filled, it will appear in the "Positions" section of the futures trading interface.
• Monitor the position's progress and make necessary adjustments if needed.

6. Close Your Position

• To close your position, click on the "Close All" button in the "Positions" section.
• You can also click on the "Close Long" or "Close Short" button to close individual positions.

7. Withdraw Your Funds

• Once your position is closed, your funds will be available in your Spot Wallet.
• You can withdraw your funds by clicking on the "Withdraw" button and following the instructions.

Important Considerations

• Manage Risk Wisely: Full leverage can magnify losses as well as profits. Only trade with funds that you can afford to lose.
• Understand Liquidation Risk: When using full leverage, your position is at risk of liquidation if the market moves against you.
• Monitor Market Conditions: Keep a close eye on the market and adjust your positions accordingly to minimize risks.
• Use Stop-Loss Orders: Consider using stop-loss orders to limit potential losses in case of adverse market movements.
• Avoid Emotional Trading: Do not make impulsive trades based on emotions. Stick to your trading plan and manage your risk effectively.