# Position USDⓈ-M Futures

The position is allowed only for USDⓈ-M Futures. You cannot open a position on SPOT. 

#### Open position

A position opens automatically once you place a market order or the current price reaches the price for a limit/stop market order! 

#### Edit position

You can modify position size by buying or selling an additional amount depending on the position direction (LONG / SHORT)

#### Set Stop Loss and Take Profit

Stop Loss and Take Profit is only available for an open position. if the price reaches SL/TP the system automatically closes the position and cancels SL/TP depending on what was triggered before. 

#### Close position

To close a position, you can use X. The position will be closed by the market. 

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