Q: What is Close Custom Amount?
A: Close Custom Amount is a feature that allows users to have the flexibility to partially close an open position.
Q: What type of order will be placed using Close Custom Amount?
A: Market Order.
Q: What are the benefits of using the Close Custom Amount feature?
A: Close Custom Amount allows the user to either manage market risk by reducing exposure to the market or realize part of the profits while maintaining the rest of the position to be subjected for further potential profits.
Q: What will be the closing price of the amount closed?
A: The closing price for the closing order will be based on the Best Bid/Ask Price.
The user is using Instant Flip for a Long position:
Exit Price of the long position will be the Best Bid Price.
Q: Will the entry price of the position change if I use custom close?
A: No. The entry price of the position will remain the same.
Q: Will the liquidation price of the position change if I use custom close?
A: No. The liquidation price will remain the same.