When futures trading, adjusting the leverage allows users to flexibly amplify returns or control risk based on their risk tolerance and market assessment. On the Monochrome platform, users can adjust the leverage either before opening a position or after the position has been opened. Below are detailed instructions:
I. Adjusting Leverage Before Opening a Position
Choosing the right leverage before opening a position is crucial. Here are the steps:
1. Access the Futures Trading Interface
Log into your Monochrome account and navigate to the Futures Trading page.
Select the contract you wish to trade (e.g., BTC, ETH) by searching for the trading pair in the upper left corner.
2. Select Leverage
On the right side, near the Long or Short option, click on the current leverage multiple.
A leverage adjustment slider will pop up.
Slide to select your desired leverage (e.g., 5x, 10x, 20x, etc.).
3. Confirm the Leverage
After selecting the leverage, click Confirm.
The system will automatically apply your chosen leverage, allowing you to proceed with opening a position based on this new multiple.
II. Adjusting Leverage After Opening a Position
If you already hold a position, you can still adjust the leverage to manage your risk and potential returns. Follow these steps:
1. Access the Current Position Page
In the Futures Trading section, locate the Current Position tab to view your existing position(s).
2. Choose to Adjust Leverage
Click the adjustment button next to the position you wish to modify.
Use the leverage adjustment slider to increase or decrease the leverage multiple.
3. Confirm the Adjustment
Confirm the new leverage setting by clicking Confirm.
The system will immediately update the leverage on your position.
Note: When you increase leverage, it will not automatically reduce the margin. You will need to manually adjust the margin to manage your exposure properly.
Risk Warning
Adjusting leverage directly affects your risk and potential returns. The higher the leverage, the greater the potential gains or losses. It is recommended that beginners choose a lower leverage multiple before opening a position to become familiar with market operations. When adjusting leverage after opening a position, carefully consider the current market conditions to avoid liquidation due to too much leverage.
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