How to close the position with leverage on OKX

To close a leveraged position on OKX, users should select the desired position in the Position List, enter the Close Position panel, and confirm the closure details to execute the transaction.

Nov 16, 2024 at 09:52 pm

How to Close the Position with Leverage on OKX

OKX allows users to use leverage to increase the potential profitability of their trades. However, it is important to note that using leverage also magnifies the potential losses. It is important to have a close plan before entering any leveraged trade.

Closing a leveraged position:

1. Go to Position List

Select the ‘Positions’ tab at the top of the homepage.
Your open positions will be listed in the 'Position List'.

2. Choose the position you want to close

Find the specific position you want to close.
Click on the position to open the 'Close Position' panel.

3. Select Close Position

In the 'Close Position' panel, you can choose to close the entire position or adjust the size of the position you want to close.
Click on the 'Close Position' button to confirm the action.

4. Check the Confirmation

A confirmation window will pop up to confirm the 'Close Position' request.
Verify that the details are correct and click on the 'Confirm' button to complete the process.

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