How to adjust the current leverage of MEXC

To adjust your current leverage on MEXC, log in and navigate to the "Margin" tab, select your account type, and enter your desired leverage amount in the "Leverage Adjustment" section.

Nov 10, 2024 at 02:12 am

How to Adjust the Current Leverage of MEXC

MEXC is a popular cryptocurrency exchange that offers a variety of features, including leveraged trading. Leverage allows traders to increase their potential profits, but it also comes with increased risk. As such, it is important to understand how to adjust your leverage settings before you start trading.

Steps to Adjust the Current Leverage of MEXC:

1. Log in to your MEXC account.
2. Click on the "Margin" tab.
3. Select the "Cross Margin" or "Isolated Margin" account type.
4. Click on the "Leverage Adjustment" button.
5. Enter the desired leverage amount.
6. Click on the "Confirm" button.

Cross Margin vs. Isolated Margin

MEXC offers two types of margin trading accounts: cross margin and isolated margin. Cross margin accounts allow you to use your entire account balance as collateral for your trades. Isolated margin accounts, on the other hand, allow you to use only the funds in the specific margin account as collateral.

Cross Margin

• Higher potential profits
• Higher risk
• Margin requirements are calculated based on the total account balance

Isolated Margin

• Lower potential profits
• Lower risk
• Margin requirements are calculated based only on the funds in the specific margin account

Leverage Levels

The amount of leverage you can use on MEXC varies depending on the asset you are trading. The following are the maximum leverage levels for different asset classes:

• Cryptocurrency pairs: 10x
• Forex pairs: 50x
• Commodities: 100x

How to Choose the Right Leverage Level

The amount of leverage you should use depends on your risk tolerance and trading strategy. If you are a beginner, it is best to start with a low leverage level and gradually increase it as you gain more experience.

Low Leverage (1-5x): This is a good option for beginners and traders who are not comfortable with taking on a lot of risk.

Medium Leverage (5-10x): This is a good option for experienced traders who are willing to take on more risk in exchange for the potential for higher profits.

High Leverage (10-100x): This is a risky option that should only be used by experienced traders who are comfortable with taking on a lot of risk.

Risks of Leverage Trading

Leverage trading can be a profitable way to increase your returns, but it also comes with increased risk. The following are some of the risks of leverage trading:

• Liquidation: If the market moves against you, you could lose your entire investment.
• Margin call: If your margin balance falls below a certain level, you may be forced to close your position and sell your assets.
• Increased volatility: Leverage can amplify the volatility of your trades, making it more difficult to manage your risk.

Conclusion

Leverage trading can be a powerful tool for increasing your profits, but it is important to understand the risks involved before you start trading. By following the steps in this guide, you can adjust your leverage settings and start trading with confidence.