How to close a position on ProBit Global contracts

Closing a position on ProBit Global contracts entails locating the desired open position, confirming closure details, and checking the updated account balance for profit or loss.

Nov 27, 2024 at 11:48 am

How to Close a Position on ProBit Global Contracts

Closing a position on ProBit Global contracts involves several steps. Follow these instructions carefully to ensure a smooth and successful process:

Step 1: Log In to Your ProBit Global Account

• Visit the ProBit Global website ([https://www.probit.com](https://www.probit.com)) and click on the "Log In" button located at the top right corner of the page.
• Enter your registered email address and password.
• Click on the "Log In" button to access your account dashboard.

Step 2: Navigate to the Contracts Trading Page

• Once you are logged in, hover over the "Trade" tab located at the top of the page.
• From the drop-down menu, select "Contracts."
• You will be redirected to the contracts trading page, where you can view and manage your open positions.

Step 3: Locate the Open Position You Want to Close

• On the contracts trading page, you will see a list of your open positions.
• Identify the position you want to close by looking at the contract details, such as the underlying asset, contract type, and leverage.

Step 4: Click on the "Close" Button

• Once you have located the open position you want to close, click on the "Close" button associated with that position.
• A confirmation dialog box will appear, asking you to confirm your intention to close the position.

Step 5: Confirm the Position Closure

• In the confirmation dialog box, carefully review the details of the position closure, including the closing price, profit or loss, and fees involved.
• If everything looks correct, click on the "Confirm" button to proceed with closing the position.
• Your position will be closed immediately, and the profit or loss will be reflected in your account balance.

Step 6: Check Your Account Balance

• After closing the position, go to your account dashboard and check your account balance.
• You should see the updated balance reflecting the profit or loss from the closed position.

Additional Tips for Closing Positions on ProBit Global Contracts

• Use Limit Orders: When closing a position, it's recommended to use limit orders to ensure a specific closing price. By setting a limit order, you specify the maximum or minimum price at which you want to close the position.
• Manage Risk: Always be aware of the risks involved in contracts trading. Use appropriate risk management tools, such as stop-loss orders, to limit potential losses.
• Monitor Your Positions Regularly: Regularly monitor your open positions to track their performance and identify any potential risks. Closing positions promptly can help minimize losses.