How to close a position in okex contract

Steps for closing a position in OKEx contracts: 1. Log in to the contract trading interface and select the contract type; 2. Select the position to be closed; 3. Select "Close Long" (long position) or "Close Short" (short position); 4. Confirm the closing Position price and quantity; 5. Complete position closing and settle profit and loss.

How to close a position in an OKEx contract

To close a position in an OKEx contract, that is, close the position and settle the profit and loss, the steps are as follows:

1. Enter the contract trading interface

• Log in to the OKEx account and select "Contracts" Tab.
• Select a contract type, such as BTCUSDT or ETHUSDT.

2. Select a position

• Click on the "Positions" tab.
• Find the position that needs to be closed.

3. Close operation

• Long position (go long): Click the "Close Long" button.
• Short position (short selling): Click the "Close Short" button.

4. Confirm the closing price and quantity.

• Confirm the closing price and quantity.
• Click the "Close Position" button.

5. Complete position closing

• After the position closing is completed, the position is closed.
• Profit and loss are settled to the account balance.

Notes

• Use market order to quickly close a position.
• Pay attention to the position margin requirements, if insufficient, the position may be forced to be liquidated.
• After closing the position, you can no longer operate the position.
• Understand the risks of contract trading before closing a position.

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