Dear BitZ users:
2、You can check your account's assets and earnings at any time via [Asset Holdings - Account Overview]. [Available Margin] is the amount of USDT assets that you can use to open positions or transfer outward, [Position Margin]is the amount of USDT assets that have been used to open positions and are frozen, [Account Equity] is the sum of Available Margin and Position Margin, which represents your true holdings of USDT assets in Super Margin.
3、When you have [Available Margin], you can select the one that meets your expectations and place an order from the "Trading" page. You need to select the trading pair, buy or sell direction, leverage multiple, amount, and choose the order as a market order or trigger order. Placing an order at the "Market Price" means that the platform immediately opens the position according to the best market price; Placing an order at the "Stop Price" means that the preset price is the price that triggers the opening of a position. If the mark price reaches the stop price, the order will be automatically executed according to the best market price and amount you set.
4、When a market order or a trigger order is traded, it is considered that the position has been opened successfully. Available margin assets used to place orders will be frozen as position margin. You can view the information on [Asset Holdings- Holding], such as the entry price, the amount, the margin, the current P&L, etc. and can manage positions including: setting Stop-Limit, margin call, closing positions.
5、[Stop-Limit Setting]means the system will close positions and conduct reversing trade according to the Stop-Limt setting you have set. You can set the Stop-Limt conditions by either specifying the amount of USDT you accept for a position, or by specifying the stop profit price/stop loss price for a position directly. When the mark price triggers the condition you set, the position is automatically reversed and closed. The profit and loss of USDT and the margin of the position will be automatically settled and returned to your [Available Margin].
6、When the loss on the position reaches -80%, the position will be forced liquidated and charged 10% of the remaining position margin as liq. fee. When a position is close to the forced liquidation line, but you do not want to close the position and plan to avoid the risk of liquidation, you can increase the margin of the position through [Margin Call], so as to reduce the loss ratio of the position.
7、You can close each of positions at any time through the [Close Position] operation, i.e. immediately trade in reverse at the best market price to settle your USDT P&L on this position.
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BitZ recommends Features:
BitZ Margin Trading：https://www.bitz.cm/marginExchange
Risk reminder: Cryptocurrency asset is a kind of innovative investment product with volatile prices. BitZ serves as a neutral trading platform, established only for providing convenience for cryptocurrency enthusiasts trading cryptocurrencies, and assumes no liability or guarantee of or compensation for the investment value of coins. Please make a rational estimation of your investment ability and make prudent investment decisions.
Thank you for your support!
April 26, 2020