Margin trading on Liquid is unavailable for Singapore residents.
Trading on margin carries high risk. Always consider carefully your objectives, trading experience, and risk level before trading on margin.
Prior to reading and following this article, please go through our Knowledge Base section in the Trading collection to know what Margin trading is and how it can affect your portfolio.
How to open a position in Margin Trading
Opening a position in Margin trading is basically placing an order in Margin trading mode. Once the order is matched and filled (fully or partially), the position is opened. The size of the position corresponds with the filled quantity of this order (until you close some or all of it).
Once you're logged in to Liquid, select Trade to go to Margin Trading.
Select your trading product by hovering the cursor on the top bar.
Below is a screenshot of the Order Form in Margin Trading mode, with Advanced Trading Options expanded.
Position: SHORT (selling)
Order type: MARKET
Funding Account: QASH
All these indicators can be customized to your liking.
Now let's say we want to open a 0.001 BTC long position at market price in BTC/USD product, leverage 24x, from funding account QASH. That means we need to place a:
MARKET order type
Product BTC/USD (selected at STEP 2)
Mode One-Direction or Two-Direction
Funding Account QASH
Click on the Cost ! to see all details of the order you're about to place. Screenshots are taken in real-time so price might have moved slightly.
According to the screenshot above, by opening this position, you are borrowing 0.001 BTC with funding fee 0.00062 QASH. Margin (what you need to have at least in your balance) is 2.2237 QASH
To open the position, click Open (Short) Position. System will prompt you to confirm everything again.
Click Submit Order to go through, or Dismiss to return.
You just opened a position! The position can be monitored in Positions panel.
Expand the Columns drop-down menu to see all the indicators you may need. Filter through your positions using the Funding Account marker (QASH) and Position status (Open/Closed).
Since we used a Market order to open the position in this article, the Orders panel on will showed as Filled.
P&L (profit & loss), Margin Used, and Available Margin can be monitored using the Unrealized P&L panel on the right side of the dashboard. Scroll down within the panel to see more indicators of your position.