Hedge Mode, available on Phemex’s Contract Trading platform, allows you to simultaneously keep a long and short position for your trading pair. To understand more about Hedge Mode, check out What Is Hedge Mode & Its Benefits? You can also check out How Do I Use Hedge Mode? for Phemex Web here.
Here is a step-by-step guide on how to use Hedge Mode on the Phemex App.
- Register or make sure you are logged into your Phemex account. After you’ve logged into the Homepage of the app, tap on Contract in the middle of the bottom navigation bar.
- Once you have navigated to the Contract Trading page, select the currency that can support Hedge Mode. For this example, we’re using USDT-margined Perpetual.
- Next, navigate to the right hand side of the screen. At the top right corner, tap on the three dots for the settings button to reveal the options.
- Once you’ve selected tapped on it, a list of options will appear. Tap on "Trading Pair Settings".
- Tap “Hedge Mode” as your selected form of Position.
- You can adjust your risk limit and select multiple or single TP/SL positions.
For any inquiries contact us at support@phemex.zendesk.com
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