Mobile CoinEx margin trading method

Mobile CoinEx Margin Trading MethodIntroduction

Margin trading is a powerful tool that allows traders to amplify their potential profits by borrowing funds from an exchange. This can be a lucrative strategy, but it also comes with increased risk. In this guide, we will walk you through the step-by-step process of margin trading on the CoinEx mobile app.

Step 1: Open a Margin Trading Account

Before you can start margin trading, you need to open a margin trading account. To do this, tap on the "Margin" tab in the CoinEx mobile app and then tap on the "Open Account" button. You will need to provide some basic information, such as your name, email address, and phone number. Once your account is approved, you will be able to start trading on margin.

Step 2: Fund Your Account

Once you have opened a margin trading account, you need to fund it with some assets. You can do this by transferring funds from your spot trading account or by depositing cryptocurrency directly into your margin trading account.

Step 3: Choose a Trading Pair

The next step is to choose a trading pair. A trading pair is simply two cryptocurrencies that are traded against each other. For example, you could trade BTC/USDT, ETH/USDT, or BNB/USDT.

Step 4: Set Your Leverage

Leverage is a multiplier that allows you to trade with more資金than you actually have in your account. For example, if you have 100 USDT in your account and you use 10x leverage, you will be able to trade with 1,000 USDT.

Step 5: Place an Order

Once you have set your leverage, you can place an order. There are two types of orders that you can place: limit orders and market orders. A limit order is an order to buy or sell a cryptocurrency at a specific price. A market order is an order to buy or sell a cryptocurrency at the current market price.

Step 6: Monitor Your Position

Once you have placed an order, you need to monitor your position. You can do this by tapping on the "Positions" tab in the CoinEx mobile app. This will show you a list of all of your open positions.

Step 7: Close Your Position

When you are ready to close your position, you can do so by tapping on the "Close" button. You will then need to confirm the closing price. Once your position is closed, the funds will be returned to your margin trading account.

Step 8: Withdraw Your Funds

Once you have closed all of your positions, you can withdraw your funds from your margin trading account. To do this, tap on the "Withdraw" tab in the CoinEx mobile app and then tap on the "Margin" tab. You will then need to enter the amount of funds that you want to withdraw and provide the address of your wallet.