How to close a position in ProBit Global margin trading

Closing a position in ProBit Global Margin Trading requires logging in, finding the active position, clicking the "Close" button, confirming the closure, and verifying the action through the Margin Trading Dashboard or account statement.

Nov 25, 2024 at 01:00 am

How to Close a Position in ProBit Global Margin Trading

Margin trading is a type of trading that allows investors to borrow funds from a broker to increase their potential profits. However, it also amplifies potential losses. It is essential to manage your positions carefully to minimize risks. Closing a position in ProBit Global margin trading involves several steps.

Step 1: Log In to Your ProBit Global Account

To close a position in ProBit Global, you must first log in to your account. Enter your username and password and click the "Login" button.

Step 2: Navigate to the Margin Trading Dashboard

Once logged in, hover over the "Margin" tab in the top menu bar and click "Dashboard." The Margin Trading Dashboard displays an overview of your open positions, including their entry price, leverage, and profit/loss.

Step 3: Locate the Position You Want to Close

Find the position you want to close in the list of open positions. You can use the search bar at the top of the dashboard to quickly locate a specific position by entering its symbol or order ID.

Step 4: Click the "Close" Button

Once you have located the position you want to close, click the "Close" button next to it. A confirmation window will appear, asking you to confirm that you want to close the position.

Step 5: Confirm the Position Closure

Review the details of the position closure, including the closing price and the profit/loss. If everything looks correct, click the "Confirm" button to close the position.

Step 6: Verify That the Position is Closed

After clicking "Confirm," the position will be closed, and the funds will be returned to your margin account. You can verify that the position has been closed by checking the Margin Trading Dashboard or by viewing your account statement.

Additional Tips

• Closing all open positions at once can be done by clicking the "Close All" button at the top of the Margin Trading Dashboard.
• If you have multiple positions in the same asset, you can close them all simultaneously by selecting them and clicking the "Close Selected" button.
• You can also set a stop-loss order to automatically close a position if the price reaches a certain level.
• It's essential to manage your margin trading risk carefully. Only trade with funds you can afford to lose and use stop-loss orders to limit potential losses.