How to open a position on Woxa?

2 min. readlast update: 10.18.2023

To open position for trade on woxa, please follow this instruction: 

How to open a position on Woxa?

1. Select the type of asset and the specific asset you want to invest.

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The client can check via Asset and Limitation of Woxa. or Minimum/Maximum to trade on Woxa. and markets

2. Choose the type of trade, which is "Sell" or "Buy".

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3. Decide on the type of trade, whether to use the "at market " or "rate" (for pending order).

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4. Specify the amount of money you want to invest in the trade by setting Amount - Units.

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5. Select the leverage for the trade.

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- After opening your order, leverage can not be changed. You have to open a new order if you want to edit leverage.   

- Leverage is set by the Liquidity Provider (LP). Leverage of each asset will depend on many factors. Leverage can change without prior notice.  

Risk warning :

*Using leverage comes with higher risks because using leverage increases the risk in investing. If the investment does not succeed, you may incur greater losses than anticipated.

*Trading CFDs and other credit products is high-risk and not suitable for all investors. You might lose money, so only invest what you can afford to lose. Make sure you understand all the risks and consider  before investing. 

6. Choose the Stop Loss / Take Profit levels.  

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  • You can set Stop Loss/ Take Profit by set rate and set amount. 
  • If you do not choose to set Stop Loss, the platform will automatically set Stop loss at 50% of the amount.
  • If you do not choose to set Take Profit, the platform will automatically set Stop loss at 100% of the amount.  

7. Click "Open Trade".

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  • When you click 'Open trade' the asset you're investing in will appear in your portfolio on the page.  

You can see how to open positon via https://youtu.be/NjuMtu2gcBs   

Thank you.

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