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A cryptocurrency exchange is a platform where users can buy, sell, or trade digital currencies like Bitcoin using fiat or other cryptos.
The quantity will be based on the invested funds and will include the realized profit or loss of the original position.
Instant Flip provides a quick and convenient way to reverse a position, which is especially useful during times of market volatility or changing market conditions.
Take Profit (TP) and Stop Loss (SL) orders are risk management tools that allow users to close an existing position at a predetermined price. These orders are conditional market orders. Take Profit orders are typically set above the average entry price ...Read more
Yes, Max Slippage is calculated differently for open and close orders. When placing an order to close an existing position, the Max Slippage is doubled. Example: For BTCUSDT.PERP with a max slippage of 0.25%: Trigger Price: 30,000 Close Order Slippage (doubled): 0.25% ...Read more
The Time-In-Force (TIF) for Market and Trigger orders is Fill-Or-Kill (FOK). FOK orders must be either fully executed or fully canceled. During market volatility, orders may be canceled if they cannot be fully executed within the max slippage threshold. Example: Trader ...Read more
Users can check the Max Slippage for each symbol/contract on the Contracts page. It is advisable to review this information before placing orders, especially in volatile market conditions.
Max Slippage values are predefined but may be subject to periodic reviews or adjustments by the platform. Users should regularly check the Contracts page for updates on max slippage values and category changes for individual symbols/contracts.
No, Max Slippage is a non-customizable parameter set by the platform to ensure consistent risk management practices across all users.
Close Custom Amount is a feature that allows users to partially close an open position, providing flexibility in managing their trades.
Close Custom Amount helps users manage market risk by reducing exposure and allows them to realize part of the profits while keeping the rest of the position open for potential further gains.
