How to close a position on CoinEx contract

To close a futures contract on CoinEx, navigate to the futures trading interface, select the contract, click 'Close Position', enter the amount to close, and confirm.

Nov 26, 2024 at 08:10 am

How to Close a Position on CoinEx Contract

CoinEx is a leading cryptocurrency exchange that offers a wide range of trading options, including futures contracts. Futures contracts are agreements to buy or sell a specific asset at a predetermined price on a future date. They can be used for hedging, speculation, or arbitrage.

If you're holding a futures contract on CoinEx and want to close it, you'll need to follow these steps:

1. Navigate to the futures trading interface and click on Contracts.

2. Select the CoinEx contract you wish to close from the list.

3. Click on 'Close Position'.

4. Enter the amount of the position you want to close and click 'Close'.

Your position will now be closed and you will receive or pay the profit or loss.

Additional information:

You can closing only portion of you position if needed.
If you want to close all of your position, you can click the 'Close All' button.
The minimum closing amount for a position is 1 contract.
The closing fee is 0.03% of the contract value.
The closing price is the market price at the time you click 'Close'.
You can view your closed positions in the 'Order History' tab.

Here are some additional tips for managing your CoinEx futures contracts.

Keep track of your positions and make sure you understand the risks involved.
Use limit orders to protect yourself from large losses.
Don't overleverage yourself.
Use a stop-loss order to protect yourself from large losses.
Close your positions before they expire.

By following these tips, you can help yourself to maximize your profits and minimize your losses when trading futures contracts on CoinEx.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

ALPHA

$0.1053

43.62%

Trade Now
SOS

$0.9811

39.17%

Trade Now
DF

$0.0936

17.25%

Trade Now
FARTCOIN

$0.6699

15.86%

Trade Now
ARC

$0.2116

15.06%

Trade Now
SHIBTC

$11.2283

13.41%

Trade Now

Latest Crypto News

ETH 2.0: Can Ethereum Keep the Crown in 2025?
2025-02-03 20:20:58
Bitcoin and Altcoins Plunge as Trump's Tariffs Rock the Crypto Market
2025-02-03 19:30:58
Why Solana Price Trades Around $200 Even After Brutal Selloff?
2025-02-03 19:30:58
Understanding Dogecoin's Price Volatility: A Guide for Investors and Traders
2025-02-03 19:30:58
XRP: The Digital Asset Undergoing a Remarkable Transformation
2025-02-03 19:20:58
Ripple’s Strategic Token Release: What You Need to Know!
2025-02-03 19:20:58

Related knowledge

What are the impacts of different contract leverage multiples?

Dec 16,2024 at 12:46pm

Impacts of Different Contract Leverage MultiplesLeverage, a tool leveraged in the financial realm, amplifies trading activities and enhances potential returns while simultaneously magnifying risks. Understanding the implications of varying leverage multiples is paramount for savvy traders. This article delves into the impacts of different contract lever...

Which is more suitable for novices, contract trading or margin trading on Huobi.com?

Dec 16,2024 at 12:44pm

Which is More Suitable for Novices: Contract Trading or Margin Trading on Huobi.com?As a novice trader venturing into the world of cryptocurrency trading, the choice between contract trading and margin trading on Huobi.com can be a daunting one. Both instruments offer unique advantages and drawbacks, making it crucial to understand their key differences...

What does the leverage ratio of contract trading mean?

Dec 16,2024 at 12:43pm

What does the leverage ratio of contract trading mean?IntroductionLeverage ratio is a key concept in contract trading, allowing traders to gain exposure to a larger position than their initial capital would allow. This can potentially amplify both profits and losses, making it crucial for traders to understand its implications.Understanding Leverage Rat...

What scams exist in leveraged trading of virtual currency contracts?

Dec 16,2024 at 12:42pm

What Scams Exist in Leveraged Trading of Virtual Currency Contracts?Leveraged trading of virtual currency contracts, also known as margin trading, can be a lucrative way to increase your profits. However, it is important to be aware of the various scams that exist in this market so that you can protect yourself from losing your money.Pump-and-dump scams...

What is 20x leverage on Bitcoin contracts?

Dec 16,2024 at 12:40pm

What is 20x Leverage on Bitcoin Contracts?IntroductionLeverage is a powerful tool in the world of trading that can magnify both profits and losses. However, it's essential to understand the risks involved before using leverage, especially when trading volatile assets like Bitcoin. In this comprehensive guide, we will delve into the concept of 20x levera...

What is the difference between Huobi’s margin trading and contract trading?

Dec 16,2024 at 12:39pm

Understanding the Distinctions between Huobi Margin Trading and Contract TradingIntroductionHuobi, a leading cryptocurrency exchange, offers diverse trading options to cater to traders' varying risk tolerance and investment goals. Among these options are Margin Trading and Contract Trading, each with distinct features and trading mechanisms. This compre...