How to close positions in AscendEX margin trading

To close a margin position on AscendEX, navigate to the Margin Trading interface, select the desired position, calculate its settlement value, check for margin call risk, enter the closing price and quantity, submit the order, and confirm the closure.

Nov 24, 2024 at 06:27 pm

How to Close Positions in AscendEX Margin Trading

Margin trading allows traders to amplify their profits by borrowing funds from the exchange, known as leverage. However, it's crucial to understand how to close positions effectively to minimize risks and optimize returns.

Steps to Close Margin Positions on AscendEX

1. Navigate to the Margin Trading Interface

Log in to your AscendEX account and hover over "Trade" in the top-right corner.
Select "Margin" from the drop-down menu.
A new page will load, displaying your open margin positions.

2. Select the Position to Close

Identify the margin position you wish to close.
Note the trading pair, position direction (long or short), and the loaned amount.

3. Calculate the Position Settlement Value

The Position Settlement Value (PSV) represents the value of your position at the current market price.
PSV = (Entry Price Position Size) - (Leverage Loaned Amount)

4. Check for Margin Call or Liquidation Risk

AscendEX calculates your "Risk Level" to gauge your risk of being liquidated.
A Risk Level of 100% or below indicates minimal risk.
If your Risk Level exceeds 100%, you may be facing a margin call or liquidation.

5. Close the Margin Position

Select the "Close" button corresponding to the position you wish to close.
Enter the desired closing price and the quantity you want to sell or buy to close the position.
Ensure your closing price aligns with the current market conditions to avoid losses.

6. Submit the Closing Order

Click the "Close" button to submit your closing order.
Wait for the order to be processed and executed.

7. Confirm Position Closure

Once the order is executed, the position will be closed, and the borrowed funds will be returned to your margin wallet.
Check your "Positions" tab to verify that the position has been successfully closed.

8. Monitor Market Conditions

Track market fluctuations and adjust your margin trading strategies accordingly.
Close positions promptly when market conditions turn unfavorable to minimize losses or preserve profits.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

GOHOME

$323.2645

166.06%

Trade Now
OBT

$0.0247

33.02%

Trade Now
ORBR

$0.1577

28.71%

Trade Now
PIN

$0.9272

22.89%

Trade Now
FARTCOIN

$0.2983

22.27%

Trade Now
BANANA

$17.8148

20.96%

Trade Now

Latest Crypto News

In the shadow of the economic restrictions imposed by the West, Moscow is charting a new path for its energy trade. Faced with exclusion from the international financial system, Russia has found an alternative solution: the use of Bitcoin (BTC) and Tether
2025-03-15 10:45:53
Global equity markets garnered support Friday from a rally in Chinese stocks
2025-03-15 10:45:53
BitMEX co-founder Arthur Hayes believes Bitcoin (BTC) will soar to new all-time highs by the year's end
2025-03-15 10:30:54
Cardano (ADA) trading volumes have exploded, averaging $720 million per day in February and exceeding $1.4 billion in March
2025-03-15 10:30:54
Top 10 Cryptocurrency Mining Apps of 2025
2025-03-15 10:30:54
Skyren DAO: The Future of Airdrop Farming and High-Yield Returns
2025-03-15 10:25:54

Related knowledge

How do domestic users trade OTC on OKX?

Mar 15,2025 at 05:21am

Key Points:OKX's OTC (Over-the-Counter) trading service facilitates peer-to-peer cryptocurrency transactions, bypassing traditional exchanges.Domestic users face challenges due to regulatory restrictions in various countries. OKX's OTC service might not be fully accessible or legal depending on your specific location.The process involves finding a selle...

How do domestic users view transaction history on OKX?

Mar 15,2025 at 06:51am

Key Points:OKX provides a detailed transaction history accessible through its website and mobile app.Accessing the history requires logging into your verified OKX account.The transaction history displays various details, including timestamps, asset pairs, amounts, and fees.Users can filter and search their transaction history for specific trades.Downloa...

How do I bind a bank card to my account of OKX?

Mar 15,2025 at 11:50am

Key Points:OKX doesn't directly support bank card binding for fiat currency deposits.Deposits are made through third-party payment providers integrated with OKX.The process varies depending on your region and chosen payment method.Security is paramount; always use reputable payment providers and verify transactions.Understanding fees and processing time...

How do I participate in the bonus activities of OKX?

Mar 15,2025 at 05:05am

Key Points:Understanding OKX Bonus Activity Types: OKX offers various bonus programs, including trading bonuses, referral bonuses, and airdrops. Each has specific participation requirements.Locating Active Promotions: Bonus campaigns are usually advertised prominently on the OKX website and app. Look for banners, pop-ups, and announcements in the news s...

How do Singapore users complete the KYC verification of OKX?

Mar 15,2025 at 09:45am

Key Points:OKX's KYC verification process for Singapore users involves several steps, including identity verification and address verification.Users need to prepare valid identification documents and proof of address.The process aims to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.Failure to provide accurate informati...

How do Singapore users register an account with OKX?

Mar 15,2025 at 10:46am

Key Points:OKX account registration for Singapore users involves a straightforward process, but requires careful attention to KYC/AML regulations.The process utilizes email verification and potentially mobile phone verification for enhanced security.Users must provide accurate personal information to comply with regulatory requirements.Understanding the...