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What is the process to activate hedge mode on Binance?

avatarBennett JoynerDec 15, 2021 · 3 years ago3 answers

Can you please explain the step-by-step process to activate hedge mode on Binance? I'm new to trading and would like to understand how to use this feature to manage my risks effectively.

What is the process to activate hedge mode on Binance?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Sure! Activating hedge mode on Binance is a simple process. First, log in to your Binance account and navigate to the 'Trade' tab. Then, select the trading pair you want to hedge and click on the 'Hedge Mode' button. Finally, confirm your selection and you're all set! Now you can manage your risks by opening both long and short positions simultaneously.
  • avatarDec 15, 2021 · 3 years ago
    To activate hedge mode on Binance, follow these steps: 1. Log in to your Binance account. 2. Go to the 'Trade' tab. 3. Select the trading pair you want to hedge. 4. Click on the 'Hedge Mode' button. 5. Confirm your selection. That's it! You can now start hedging your positions to manage your risks effectively.
  • avatarDec 15, 2021 · 3 years ago
    Activating hedge mode on Binance is a breeze! Simply log in to your Binance account, head over to the 'Trade' tab, and choose the trading pair you want to hedge. Once you've selected the pair, click on the 'Hedge Mode' button, and voila! You're now ready to hedge your positions and protect yourself from potential market downturns. Happy trading!