How to make money with CoinEx leverage

With CoinEx leverage trading, you can increase your trading capital and potentially magnify your profits, but remember to use leverage wisely to minimize the risk of substantial losses.

Nov 23, 2024 at 09:22 pm

How to Make Money with CoinEx Leverage

CoinEx is a cryptocurrency exchange that offers a variety of features, including leverage trading. Leverage trading allows you to trade with more capital than you have available, which can amplify your profits. However, it can also amplify your losses, so it is important to use leverage carefully.

If you are new to leverage trading, it is important to understand the basics before you get started. This article will provide you with a step-by-step guide on how to make money with CoinEx leverage.

Step 1: Open a CoinEx Account

The first step is to open a CoinEx account. You can do this by visiting the CoinEx website and clicking on the "Sign Up" button. You will need to provide your email address, create a password, and agree to the terms of service.

Once you have created an account, you will need to verify your email address and identity. You can do this by clicking on the "Verify" button in the top right corner of the screen.

Step 2: Deposit Funds

Once your account is verified, you will need to deposit funds into your account. You can do this by clicking on the "Deposit" button in the top right corner of the screen. CoinEx supports a variety of deposit methods, including bank transfer, credit card, and cryptocurrency.

Step 3: Choose a Trading Pair

The next step is to choose a trading pair. A trading pair is a pair of cryptocurrencies that you want to trade against each other. For example, you could trade Bitcoin against Ethereum (BTC/ETH).

Once you have chosen a trading pair, you will need to decide how much leverage you want to use. Leverage is expressed as a ratio, such as 10x or 100x. The higher the leverage, the more capital you can trade with. However, the higher the leverage, the greater the risk of losing money.

Step 4: Place an Order

Once you have chosen a trading pair and set your leverage, you can place an order. To do this, click on the "Trade" button in the top right corner of the screen.

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

Step 5: Monitor Your Position

Once you have placed an order, you will need to monitor your position. You can do this by clicking on the "Orders" tab in the top right corner of the screen.

Your position will show you the following information:

• The current price of the trading pair
• The amount of leverage you are using
• The profit or loss on your position
• The margin call price
• The liquidation price
• How to Avoid Liquidation

Liquidation is the process of selling your position involuntarily because the value of the position has decreased to the liquidation price which is when you lose all of your funds

• What is a Margin Call?

Margin call is a serious event in the life of a trader. It is when your broker tells you that you are running low on funds and your position is in danger of being liquidated. Margin calls can be stressful and overwhelming, but they can also be an opportunity to learn and improve your trading.

• How to Avoid Liquidation

There are a few things you can do to avoid liquidation:

• Use a stop-loss order. A stop-loss order is an order to sell your position at a specific price. This will help you