How to close BitFlyer leverage

Nov 13, 2024 at 10:20 pm

How to Close BitFlyer Leverage

Leverage trading can magnify your potential profits, but it also carries the risk of significant losses. Before you start leverage trading on BitFlyer, it is important to understand how to close your positions properly to minimize your risk.

Steps to Close BitFlyer Leverage

1. Log in to your BitFlyer account.
   Enter your username and password to log in to your BitFlyer account.
2. Navigate to the "Leverage Trading" tab.
   Once you are logged in, click on the "Leverage Trading" tab at the top of the page.
3. Select the position you want to close.
   On the Leverage Trading page, you will see a list of all your open positions. Select the position you want to close by clicking on the "Close" button next to it.
4. Enter the amount you want to close.
   In the "Close Position" dialog box, enter the amount of the position you want to close. You can close all of the position or just a portion of it.
5. Click on the "Close" button.
   Once you have entered the amount you want to close, click on the "Close" button.
6. Confirm the closure.
   A confirmation dialog box will appear. Click on the "OK" button to confirm the closure of your position.

Additional Information

• You can only close a position if it is not currently in a margin call.
• If you close a position at a loss, you will be responsible for paying the margin call.
• You can use the "Close All" button to close all of your open positions at once.

FAQs

• What is leverage trading?
  Leverage trading is a type of trading that allows you to borrow money from a broker to increase your trading power. This can magnify your potential profits, but it also increases your risk of losses.
• How do I know if I am in a margin call?
  You will receive a margin call if your account balance falls below the required maintenance margin. When this happens, you will need to deposit additional funds into your account or close some of your positions to avoid liquidation.
• What is the difference between a market order and a limit order?
  A market order is an order to buy or sell an asset at the current market price. A limit order is an order to buy or sell an asset at a specific price or better.

• How can I reduce my risk when leverage trading?
  There are a number of things you can do to reduce your risk when leverage trading, including:

  • Use a stop-loss order to limit your losses.
  • Trade with a small amount of leverage.
  • Only trade with money that you can afford to lose.
• I'm having trouble closing my position. What should I do?
  If you are having trouble closing your position, you can contact BitFlyer customer support for assistance.