Long position

1. Go to the Trading page > Select Margin > Select the desired pair.

2. Set up a Margin Buy order (specify the quantity, leverage, price).

3. (optional) If you select a BO (Bracket Order) fill in other details like Target Price and SL (Stop Loss Price).

4. Place your order by clicking on Long.


Note that, When you want to close the position, hover over your trade, you’ll see the option to Exit position, edit or cancel. On selecting exit, your exit will be confirmed at the current market price. Alternately, when your Stop Loss price hits, your position will be closed. The borrowed funds will be repaid and the profit/ loss will be adjusted and settled in your account.


Example:


Long with 4x leverage

If a trader, trading in the XRP/BTC pair, longs 1000 XRP at 4x leverage. If the BTC equivalent of 1000 XRP is 0.09 BTC (considering XRP/BTC is at a price of 0.00009000), then the exchange collects a collateral of 0.0225 BTC only. Thus allowing 4x leverage.

In this long position, exchange forwarded 0.0675 BTC to the trader for buying 1000 XRP, in addition to the 0.0225 BTC held by the trader.


Short position 

1. Go to the Trading page > Select Margin > Select the desired pair.

2. Set up a Margin Buy order (specify the quantity, leverage, price).

3. (optional) If you select a BO (Bracket Order) fill in other details like Target Price and SL (Stop Loss Price).

4. Place your order by clicking on Short.


Example:  


Short with 3x leverage

If a trader, trading in the XRP/BTC pair, shorts 1000 XRP at 3x leverage. If the BTC equivalent of 1000 XRP is 0.09 BTC (considering XRP/BTC is at 0.00009000), then the exchange lends the trader 1000 XRP against a collateral of 0.03 BTC.

The trader owes the funds to the exchange and can return this obligation at a later time, by buying it at a lower price.