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:
- Enter the contract trading interface
- Log in to the OKEx account and select "Contracts" Tab.
- Select a contract type, such as BTCUSDT or ETHUSDT.
- Select a position
- Click on the "Positions" tab.
- Find the position that needs to be closed.
- Close operation
- Long position (go long): Click the "Close Long" button.
- Short position (short selling): Click the "Close Short" button.
- Confirm the closing price and quantity.
- Confirm the closing price and quantity.
- Click the "Close Position" button.
- 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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