How to open a position on EXEX?
How to open a long position on EXEX
- Go to the “Markets” section (#1 on the picture).
-
Choose a coin in the “Markets” menu. For example, you want to trade Bitcoin. You have to find “BTC” on the list (#2 on the picture). After you have selected the cryptocurrency, you’ll see the BTC/USDT chart.
-
Under the chart, you will see the RSI indicator and trading menu. You can consider its recommendations when opening the deal (#3 on the picture). Select the risk level (#4 on the picture) to do so. The lower the risk, the more likely you will make a profit and won’t lose your funds if the trend works out in an unusual way.
-
Select the sum you want to trade (#5 in the picture).
Please note: you should specify the amount that includes your leverage in the “Amount, USDT” section. Thus, if you see 750 there, it means that your personal funds are 7.5 USDT, and the multiplier is x100.
- Press the “Buy” button to make a trade and buy Bitcoin. When a trade is made, it means that you opened a long position (#6 in the picture).
When the price reaches the automatically set level, your position will be closed, and you’ll see the result. Also, your Long position can be closed manually before the mentioned price level is reached. In that case, you need to:
-
Open the deal you want to close.
-
You will see the UPnL (unrealized profit and loss) the deal has right now (#1 on the picture). It shows the PnL you might have had if the deal was closed at that very moment.
-
You can also see what is the price set for your Take-Profit and Stop-Loss (#2 on the picture). Check if you really want to close the deal manually instead of using auto-close features.
-
Once you are ready, press the “Sell” button to close the deal (#3 on the picture). In this case, you will close the trade and sell the asset at the market price. The result of the deal will be added to your balance.
How to open a short position on EXEX
To open a short position, or, in other words, to sell cryptocurrency, you should follow the same steps as when you open a long position. The only differences are:
- The RSI widget indicator’s arrow should point to “Sell actively” or “Sell”.
- You have to press the “Sell” button to open a Short position.
- You can close your Short position manually before the price reaches the automatically set level – press the “Buy” button (#1 on the picture), and you’ll close the trade by buying the asset at the market price.