How to Use the Break-Even Function on Ouinex
Mastering risk management is the key to long-term trading success. One of the most effective ways to protect your capital is by using the Break-Even function. This tool ensures that once a trade moves in your favor, it can no longer result in a loss. Watch the video or read the instructions below.
1. What is the Break-Even Function?
The Break-Even feature automatically moves your Stop Loss to your entry price once your position is in profit. By doing this, you guarantee that if the market reverses and returns to your starting point, the position will close without affecting your balance.
2. How to Activate Break-Even
To use this feature, follow these simple steps:
- Monitor Your Position: Open the position you wish to manage (for example, a Short on BTC).
- Check Profitability: The Break-Even button only becomes active once the trade is in a profitable position. If the trade is currently in a loss, the button will be unavailable.
- One-Click Protection: Once you are in profit, click the Break-Even button. A Stop Loss will be placed automatically at your exact entry level.
3. Updating Your Break-Even Level
Trading is dynamic, and your strategy might change while a trade is open.
- Adjusting Position Size: If you increase your position size (scaling in), your average entry price will change.
- Syncing the Stop: You can click the Break-Even button again to update your Stop Loss so it matches your new, adjusted entry price.
4. The Result: Loss Prevention
Once Break-Even is active, you can let your trade run with peace of mind. If the price moves against you and hits your entry level, the trade will close automatically. This prevents a winning trade from turning into a losing one, allowing you to focus on your next market move.
Disclaimer
This article does not constitute investment advice, financial advice, or a recommendation to buy, sell, or trade any asset.
Key Risks You Should Understand:
- Virtual assets (cryptocurrencies) can lose their value entirely and are subject to extreme volatility. You may lose your entire investment.
- Government policy changes, including shutdowns, can cause severe and sudden market movements. Past market behavior does not predict future results.
- Trading with leverage (derivatives, perpetuals) can result in losses exceeding your initial deposit. At high leverage, a small price movement can liquidate your entire position.
- Crypto is not insured by government protections. If an exchange fails or is hacked, you may lose all funds.
- Market liquidity can disappear during crises. You may not be able to exit positions at expected prices.
Ouinex's services vary by location and are subject to change. You are responsible for complying with laws in your jurisdiction. Always conduct your own research and consult qualified professionals before making financial decisions. All investments carry risk.