What happens if I cancel a BitMEX order?

3 answers

• Nov 27, 2021 · 3 years ago
  Canceling an order on BitMEX has several consequences. Firstly, if the order has not been executed yet, canceling it will remove it from the order book, and it will no longer be available for other traders to match with. Secondly, if the order has already been partially filled, canceling it will cancel the remaining unfilled portion of the order. Lastly, canceling an order may result in a small fee, depending on the specific trading fees structure of BitMEX. It's important to note that canceling an order does not guarantee that the order will be immediately removed from the market, as there may be a slight delay in the order cancellation process.
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• Nov 27, 2021 · 3 years ago
  When you cancel a BitMEX order, the order will be removed from the order book, and it will no longer be active. If the order has already been partially filled, canceling it will cancel the remaining unfilled portion. However, if the order has been fully filled before you cancel it, the cancellation will have no effect. It's important to carefully consider whether to cancel an order, as it may impact your trading strategy and potential profits.
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• Nov 27, 2021 · 3 years ago
  Canceling a BitMEX order is a straightforward process. Simply go to the 'Orders' tab on the BitMEX trading platform, locate the order you want to cancel, and click on the 'Cancel' button. It's important to note that once an order is canceled, it cannot be undone. Therefore, it's crucial to double-check your decision before confirming the cancellation. If you have any concerns or questions about canceling an order on BitMEX, you can reach out to the BitMEX support team for assistance.
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