A position is an entity that allows CEX.IO to reserve your and borrowed funds to support your trading strategy. A position is composed of several components:
- Opening order, at which the funds are converted to position symbol.
- Waiting period, which is used for you to track the position health and decide when to close it.
- Closing order, at which the position symbol is converted back to initial funds and reservation is removed.
Position-based margin trading is convenient, because it automatically opens and closes all necessary orders, takes and returns loans, and accounts for all the fees.