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What is the process of closing orders on BitMEX?

avatarIdiocterDec 27, 2021 · 3 years ago3 answers

Can you explain the step-by-step process of closing orders on BitMEX? I'm new to the platform and would like to understand how it works.

What is the process of closing orders on BitMEX?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! Closing an order on BitMEX involves a few simple steps. First, log in to your BitMEX account and navigate to the trading interface. Find the open order you want to close and click on it. Then, you'll see an option to 'Close Order' or 'Close Position.' Click on that and confirm your action. Your order will be closed, and any remaining position will be liquidated. It's important to note that closing an order doesn't guarantee immediate execution, as it depends on market conditions and liquidity.
  • avatarDec 27, 2021 · 3 years ago
    Closing orders on BitMEX is a straightforward process. Once you're logged in, go to the trading interface and locate the open order you wish to close. Click on it, and you'll see a 'Close Order' or 'Close Position' button. Clicking on this will initiate the closing process. Keep in mind that the execution of your order may not be immediate, as it depends on market conditions and available liquidity. It's always a good idea to double-check your order status after initiating the closing process.
  • avatarDec 27, 2021 · 3 years ago
    Closing orders on BitMEX is quite simple. After logging in to your account, navigate to the trading interface. Look for the open order you want to close and click on it. You'll find a 'Close Order' or 'Close Position' button, which you should click to initiate the closing process. Remember that the execution of your order may take some time, depending on market conditions and liquidity. It's advisable to monitor your order status until it is fully closed.