Digital currency margin trading is a financial derivative that allows users to increase their investment exposure given a limited base principal to enjoy multiple returns.Users can participate in margin trading by borrowing from the platform to make long or short.
Different currencies have different leverage multiples. For example, BTC supports 3x margin trading,users can borrow up to (3-1) * own assets from the platform, which is twice the amount of their own assets.
For example, BTC / USDT, to buy long BTC, you need to borrow USDT from AOFEX and buy BTC, sell BTC at the right time and return USDT borrowed by the platform.
It must be noted that leveraging trading amplifies both the gains and risks. Be sure to pay attention to the estimated liquidation price and risk rate.When risk rate is close to 110%, a forced liquidation mechanism may be triggered.
Investment is risky and you must be cautious when investing.
The following are the specific steps:
Step1 Log in to the AOFEX website and click on “Margin” to enter the trading section
Step2 Select the pairs you want to trade(For example,BTC/USDT),Please make sure that you have sufficient balance in your account before a leveraged trading. If not, click "Transfer" in the picture to transfer the token from trading account to margin account.
Step3 Borrow USDT from AOFEX. Click "Borrow" in the picture, select USDT and quantity in the pop-up page,and click "Confirm".
Step4 Select "Buy BTC(Long)",Enter the price and quantity,Click on it and then wait for transaction.
Step5 when BTC price is close to the expected price (stop loss or profit), set price and quantity to be sold, click ”Sell BTC（Short）“, and wait for transaction.
Step6 After checkout, you need to return the token. Enter ”Assets“ ,select margin account and pairs, and then click "Repay".
Step7 Select the amount of repayment and click "Confirm". If you choose to return all, the loan assets and interest will be returned at the same time; if you choose to partially return, the interest will be returned first .
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