Before following this guide, make sure you select the MARGIN market at the top of the dashboard!
For more details on how margin trading works, see these articles:
- [Margin] What happens in a margin trade?
- [Margin] How much leverage does QUOINEX offer?
- [Margin] Margin call
- [Margin] Example trade
The panel where you can place orders is by default on the outer left of your dashboard. Select Market to continue.
There are many things you have to pay attention to before placing any type of order in margin trading, the most important being your Margin Coverage, as a margin call will occur if this number hits 110%. System provides a preview of price, margin, fee, and interest, all of which can change according to the market and your input. You will need to consider everything carefully before placing an order and taking a position.
Now let's say we go long 1 BTC at 25x leverage rate.
Check all details thoroughly and click Submit Order to continue, or click Dismiss to change input.
System confirms that your order has been placed successfully. Click Dismiss to close the confirmation.
(open the image in a new tab to see it in full size)
At the top left of the dashboard, margin coverage and P&L are no longer blank. They are now being updated real-time with market ask and market bid.
On the right of the dashboard, Orders panel, you can see the newest order "buy 25x $4,131.30" has been filled. This is the first order of your margin trade, and being a market order, it was filled immediately at market ask. The position resulted from this order is reflected at the bottom, with the same P&L that is displayed at the top left.
All transactions related to this order are displayed in Transactions panel.
Note that at this point, you have an open position. In order to realize your P&L, you need to close the position.