What's leverage?
Leverage allows you to borrow funds to trade larger positions than your account balance would typically permit. Essentially, leverage involves borrowing capital from the platform to increase your trading position. This can amplify both potential gains and potential losses.
Checklist
- How do I adjust the leverage level for a specific trade?
- On the app:
- Select Margin or Futures trading, depending on your trading preference
- Select the asset or trading pair you wish to trade
- Select the desired leverage level from the available options (for example, 5x, 10x, 20x, and more). Available options vary by the trading style.
- Confirm your choice and proceed to place your order
- On the web:
- On the OKX official website, select Trade at the top
- Select Spot or Futures based on your trading preference
- Select the trading pair you want to trade
- Confirm your selection and proceed to place your order.
- On the app:
Notes
When to use leverage?
When using leverage, it's crucial for traders to have a solid understanding of their risk tolerance and to use risk management strategies, such as stop-loss orders, to protect against potential losses. With that in mind, using leverage offers several potential benefits:
Increased exposure: with leverage, you can control a larger position with a relatively smaller amount of capital.
Enhanced returns: leverage can amplify your returns if the market moves in your favor.
Details follow the official OKX help article; this page is a learning checklist, not an official mirror.
