How to close contracts on Dubai OKX

Closing a contract on Dubai OKX involves selecting the contract, specifying the closing price and amount, and confirming the transaction, which executes immediately for market orders or at the specified limit price.

Oct 28, 2024 at 04:40 am

How to Close Contracts on Dubai OKX

1. Navigate to the Positions Page:

Log in to your OKX account and click on "Trader" and then select "Contracts."
On the "Positions" tab, you will see a list of your open contracts.

2. Select the Contract to Close:

Find the contract you wish to close and click on the "Close" button corresponding to it.

3. Enter Closing Parameters:

In the "Close Order" window that pops up, specify the closing price and the amount of position you want to close.
You can choose between "Market Order" for immediate execution or "Limit Order" to specify a specific price for closing.

4. Review and Submit:

Verify the closing price, amount, and fee if applicable.
Click on the "Confirm" button to execute the transaction.

Note:

Once you submit the closing order, it will be executed immediately for market orders or when the specified limit price is reached for limit orders.
Upon successful execution, your position will be closed and the funds will be credited to your account.
The closing price may vary slightly from the specified limit price, especially during high volatility.

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