How to adjust leverage on DigiFinex

Adjusting leverage on DigiFinex enables traders to customize their risk exposure and potential returns in margin trading, but it requires careful consideration of risks and prudent use.

Nov 26, 2024 at 03:16 am

How to Adjust Leverage on DigiFinex

Introduction:

DigiFinex is a well-established cryptocurrency exchange that offers a wide range of trading options, including margin trading with up to 10x leverage. Adjusting leverage is a crucial aspect of margin trading as it allows traders to tailor their risk exposure and potential returns according to their trading strategy and risk tolerance. This step-by-step guide will provide a comprehensive overview of how to adjust leverage on DigiFinex.

Step 1: Log in to Your DigiFinex Account

• Access the official DigiFinex website and click on the "Login" button.
• Enter your account credentials, including your email address and password.
• If you do not have a DigiFinex account, you can create one by clicking on the "Sign Up" button.

Step 2: Navigate to the Margin Trading Page

• Hover over the "Markets" tab on the main menu and select "Margin."
• This will take you to the margin trading page, where you can view the list of available trading pairs.

Step 3: Choose a Trading Pair

• Scroll down the list of trading pairs and select the one you want to trade.
• Once you click on a trading pair, the order form will appear on the right-hand side of the screen.

Step 4: Adjust the Leverage

• Look for the "Leverage" field in the order form.
• By default, the leverage will be set to 1x.
• To increase the leverage, click on the up arrow button next to the Leverage field.
• To decrease the leverage, click on the down arrow button.

Step 5: Consider the Risks

• Trading with leverage involves higher risks and the potential for significant losses.
• It is crucial to assess your risk tolerance and trading strategy before adjusting the leverage.
• Use leverage wisely and do not exceed the amount you are willing to lose.

Step 6: Confirm the Changes

• Once you have selected the desired leverage, click on the "Place Order" button.
• A confirmation window will appear, providing an overview of the order details.
• Review the details carefully and click on the "Confirm" button to execute the order.

Additional Tips:

• DigiFinex offers leverage options from 1x to 10x depending on the trading pair.
• The minimum leverage setting is 1x, which means no leverage is applied.
• Higher leverage amplifies both potential profits and losses.
• Monitor your positions closely and adjust the leverage as needed based on market conditions.
• Familiarize yourself with risk management techniques to mitigate losses in margin trading.