Once enabled margin trade, 4 steps you must know to complete a margin trade:
1. Transfer principal to the margin account
2. Borrow funds from the Funding Market
3. Margin trade(Buy Long/Sell short)
Trade: Let's take Buy Long BTC with BTC/USDT trade pair as an example, use the borrowing USDT to buy BTC.
Close position: When BTC price goes up, sell the BTC we bought before back to USDT.
Note: Margin trade is totally the same as spot trade and they share the same market depth.
4. Repay loans
Repay all the borrowing USDT as well as the interest, the remaining part is the profit.
Kindly remind: This article is based on buy long margin trade, if you think that the specific token will go down, at step 2, you shall borrow that token then sell to short it at a high price, then buy it back at a low price to take profit. As the flow chart shows below: