While there are many different functions and widgets in the trading interface, it is indeed very easy to take leverage and open/close a position. Here is a simple guide of 3 steps to use CoinFLEX EXECUTE.
1. Check your balance and take leverage
Check your balance in the Order Ticket widget (top-right) first. Then decide which asset and how much leverage you want to take by simply dragging the slider handle to the right.
For example, you can see I have about 325.8 USDTDEC in my balance and I want to take a 10X leverage, which is about 3259.
Click the green “✓” button to confirm taking out the loan. Then you will see your principal plus the borrowed amount in your balance.
So now I have a total of 3584 USDTDEC in my balance.
2. Open and manage a position
In the Order Ticket widget, submit a market or limit order by typing in the price and quantity you want to trade. Once the order is executed, you can manage your position with different tools provided in this interface.
Here I would like to buy XBTDEC with all my USDTDEC, so I choose quantity 100% at the price of $7,321 and then click Buy.
Now you can see I have 0.489 XBTDEC in my balance.
3. Close a position and repay the loan
If you want to close your position, just do an opposite trade.
Since this is a long position, I have to sell all my XBTDEC to close the position. As the price has dropped, I decide to sell at $7,303 to stop loss.
After closing the position, drag the slider handle back to 0 and click the green “✓” button to repay the loan.
After closing the position, I receive about 3574 USDTDEC back with a loss of about $10.