Users on the XREX Exchange can now amplify their trading strategies by taking long positions in rising markets and short positions in falling ones, maximizing opportunities in varying market conditions. Let's dive into some step-by-step instructions on how to get started with margin trading.
Things to consider before margin trading:
Before you start trading, complete a self-assessment. Margin trading carries unlimited risk. Always remember to manage your risk while trading.
Margin trading on XREX takes on an isolated margin, meaning that each position will have its own collateral and is isolated from other positions.
Turn on your notification for the XREX app, it is important to receive timely notifications in case of a margin call on your margin position.
Navigation to the margin trading page
To access the margin trading page on our platform, there are two options: from the trading tab or directly from your wallet. From the trading tab, simply click on the Margin Trading tab to be directed to the dedicated margin trading page. Alternatively, you can access the margin trading page from your wallet by clicking on the Margin tab.
How to create a long position
To start trading long on margin, you will first need to create a position. This can be done by following these steps:
Choose the pair you want to trade.
Fill in the desired leverage, order type, and amount.
Click the buy button.
Review the details and then click Confirm to open your position.
How to create a short position
To start trading short on margin, you will first need to create a position. This can be done by following these steps:
Choose the pair you want to trade.
Fill in the desired leverage, order type, and amount.
Click the sell button.
Review the details and then click Confirm to open your position.
** Please note that the images and videos displayed here may not always reflect the most current version of the XREX App. For the latest updates, we encourage you to refer directly to the XREX App. **
How to view position status
After creating a position, you can view its status in two ways: through the position list under the trading margin tab or by viewing the pending & history under the margin tab.
How to adjust collateral
To adjust collateral, follow these steps:
Click on the Adjust collateral button in the position detail.
Specify the amount of collateral you wish to increase or reduce.
Confirm the change.
How to close position
To close a position, follow these steps:
Click on the Close button in the position detail.
Specify the amount to sell/buy.
Confirm to close the position.