What are the steps to enable hedge mode on Binance?

3 answers

• KORIBILLI SRIKANTHJul 26, 2021 · 4 years ago
  Sure! Enabling hedge mode on Binance is a straightforward process. First, log in to your Binance account and navigate to the 'Trade' tab. Next, click on the 'Advanced' option in the top right corner of the screen. From the dropdown menu, select 'Hedge Mode.' Finally, review and accept the terms and conditions, and you're all set! Hedge mode allows you to simultaneously hold both long and short positions on the same trading pair, providing you with more flexibility and risk management options.
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• James SparraJun 19, 2020 · 5 years ago
  Enabling hedge mode on Binance is as easy as 1-2-3! Just follow these steps: 1. Log in to your Binance account. 2. Go to the 'Trade' tab. 3. Click on 'Advanced' and select 'Hedge Mode' from the dropdown menu. Hedge mode allows you to hedge your positions, meaning you can open both long and short positions on the same trading pair. This can be useful for managing risk and taking advantage of market volatility.
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• BikitsosMar 25, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a hedge mode feature that allows users to simultaneously hold both long and short positions on Binance. To enable hedge mode, follow these steps: 1. Log in to your Binance account. 2. Navigate to the 'Trade' tab. 3. Click on 'Advanced' and select 'Hedge Mode' from the dropdown menu. Hedge mode can be a valuable tool for traders looking to hedge their positions and manage risk effectively.
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