> For the complete documentation index, see [llms.txt](https://myxfinance.gitbook.io/myx.finance-v2/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://myxfinance.gitbook.io/myx.finance-v2/trader-guide/position-management/how-to-open-a-position.md).

# How to Open a Position

### Step 1 — Preparation

Before you start trading, make sure you have:

* **Gas Fee Assets**
  * USDC / USDT / BNB (depending on network)
* **Trading Margin**
  * USDC / USDT (used as collateral for positions)

> 📌 Margin is the capital used to open and maintain your position

***

### Step 2 — Connect Your Wallet

1. Click **“Connect Wallet”**
2. Select your wallet type

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2FXKPteHx1KXp1Y7DLTbtP%2Fimage.png?alt=media&amp;token=0e8b4e2c-9a9b-4b6a-9ce4-7a4b30bf6dda" alt=""><figcaption></figcaption></figure>

#### Recommended Wallet

* MetaMask (recommended for browser users)
* Additional wallets will be supported in future updates

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2FM26D391BD7OCIx7Q22Pz%2Fimage.png?alt=media&amp;token=ee2872e8-2d7a-4fb6-aaf0-efcdd926bce0" alt=""><figcaption></figcaption></figure>

***

### Step 3 — Select a Market

1. Click the **market dropdown** in the top bar
2. Choose a trading pair

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2F9iNtW076smF66hrRdERT%2Fimage.png?alt=media&amp;token=7bdcf818-5fb4-4591-968f-98f88ca3d07a" alt=""><figcaption></figcaption></figure>

#### Search Options

You can find markets by:

* Token ticker (e.g. ETH, BTC)
* Contract address
* Favorites list
* Blue-chip tokens
* Alpha picks

> 📌 Use contract address for newly listed assets

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2F3grAMC7h82r2z0B7i7LB%2Fimage.png?alt=media&amp;token=a4c336f7-3ed8-491f-ab24-d4a753f1bca3" alt=""><figcaption></figcaption></figure>

***

### Step 4 — Open a Position

#### 4.1 Adjust Leverage

* Increase leverage → higher exposure & higher risk
* Decrease leverage → safer position

> ⚠️ Higher leverage increases liquidation risk

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2FPgBtO1TgYmN3F8Z2Mxgv%2Fimage.png?alt=media&amp;token=c35f722f-5529-4fca-95ef-41cc917c19cd" alt=""><figcaption></figcaption></figure>

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2FPgTnGBxkyCLs2cKq2Jtr%2Fimage.png?alt=media&amp;token=5f7cd1e2-e6cc-4a61-a48f-e8894203701f" alt=""><figcaption></figcaption></figure>

***

#### 4.2 Choose Margin Mode

**Auto Margin Mode**

* Uses:
  * Available margin
  * Wallet balance
  * Realized PnL

👉 Maximizes usable capital automatically

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2FE4iHsgK1HyrYsrnz5XM6%2Fimage.png?alt=media&amp;token=db3e1929-6f26-4aab-993b-e786ca0253e5" alt=""><figcaption></figcaption></figure>

**Manual Margin Mode**

* You manually define how much capital to use
* Free margin is used first
* More control over risk exposure

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2FX4JDCNrnYvlNeWglYGYd%2Fimage.png?alt=media&amp;token=005b3c32-7d29-4d41-acec-0a49c5612af3" alt=""><figcaption></figcaption></figure>

***

#### 4.3 Select Order Type

**Market Order**

* Executes instantly at current market price

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2FkDlPOAoRBtM8dxJ96zLl%2Fimage.png?alt=media&amp;token=07554516-66cc-4d85-8d8d-0507f7043929" alt=""><figcaption></figcaption></figure>

**Limit Order**

* Executes only at your specified price

Execution rules:

* **Open Long** → fills when price ≤ your limit
* **Open Short** → fills when price ≥ your limit

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2FmgA8AOlnExB2DYBsKGe4%2Fimage.png?alt=media&amp;token=05cf7e2e-6fd2-46ed-98bc-c349b7c50746" alt=""><figcaption></figcaption></figure>

***

#### 4.4 Set Quantity & Display Mode

**Display Modes**

* **USDC Mode** → order value shown in stablecoin
* **Coin Mode** → order size shown in asset amount

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2FTqlFwL7O7mFJRnQ4uxmp%2Fimage.png?alt=media&amp;token=62d3f3fd-933e-4ffc-a1d6-9646c48ecc69" alt=""><figcaption></figcaption></figure>

**Set Position Size**

* Enter value manually
* Or use the slider

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2F4TORkBG54eGW7AtA1V29%2Fimage.png?alt=media&amp;token=a2005718-598b-4557-af76-25078f685d31" alt=""><figcaption></figcaption></figure>

***

#### 4.5 Choose Direction

* **Open Long** → bullish
* **Open Short** → bearish

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2F1HFKNgPoE5uFSnTHCTdR%2Fimage.png?alt=media&amp;token=87fa4504-d41d-4306-99b2-57fc766acaeb" alt=""><figcaption></figcaption></figure>

***

#### 4.6 Confirm & Authorize

1. Review position details
2. Click **“Confirm”**
3. Approve transaction in wallet

<figure><img src="https://3746638469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMg5uWCQ2BQnWY2Wj87nU%2Fuploads%2F9gcQw63AfyJR44kqh5WJ%2Fimage.png?alt=media&amp;token=b88b0015-0308-4e4f-a7e0-69977546c81b" alt=""><figcaption></figcaption></figure>

***

### After Opening

* Your position appears in **Open Positions panel**
* PnL updates in real time
* Funding fees may apply

***