How to Get Started with Margin Trading on Fokawa App

Getting started with margin trading on the Fokawa app is straightforward:

Log In to Your Account:Open the Fokawa app and log in.
Open the Fokawa app and log in.
Enable Margin Trading:Go to the 'Margin' section and agree to the terms and conditions.
Go to the 'Margin' section and agree to the terms and conditions.
Transfer Funds:Transfer funds from your spot wallet to your margin wallet.
Transfer funds from your spot wallet to your margin wallet.
Choose Trading Pair:Select the desired trading pair for margin trading.
Select the desired trading pair for margin trading.
Set Leverage:Choose your leverage level (e.g., 2x, 5x).
Choose your leverage level (e.g., 2x, 5x).
Place Order:Place your margin trade by selecting the order type (market, limit, or stop-limit), entering the amount, and confirming the trade.
Place your margin trade by selecting the order type (market, limit, or stop-limit), entering the amount, and confirming the trade.
Monitor and Manage:Keep track of your margin levels and positions to manage risks effectively.
Keep track of your margin levels and positions to manage risks effectively.

Updated on: 19/06/2024