# Leverage Trading Guide

- [Leverage and Margin Explained](/help-center/leverage-trading-guide/how-leverage-works.md): Leverage allows you to trade and profit from volumes larger than would be possible if using only personal funds, thus maximizing profit potential. Margex offers both isolated and cross margin systems.
- [Liquidation. Margex Anti-Liquidation Protection](/help-center/leverage-trading-guide/how-leverage-works/liquidation.md): Liquidation is an automatic procedure that occurs if reserved margin becomes insufficient to cover further losses for a trade. If liquidation occurs, a position will be automatically closed at market.
- [Profit & Loss (PnL) and How It's Calculated](/help-center/leverage-trading-guide/how-leverage-works/pnl-calculation.md): Profit and Loss (PnL) indicator reflects the Profit or Loss of a deal. PnL is calculated in two different ways, depending on if a deal is still currently open or if it has already been closed.
- [RoE and Trade Interface Layout](/help-center/leverage-trading-guide/how-leverage-works/roe-calculation.md): Learn more about the PnL and RoE indicators in the trading module and how to switch between them
- [Trade Interface](/help-center/leverage-trading-guide/trade-interface.md): The Trade tab is where all trading actions are performed by a trader. This section consists of the Order placement module, Charts, Order book and the Order/Position management modules.
- [Orders and Positions](/help-center/leverage-trading-guide/orders-positions.md): Learn about the various order types and margin systems available on Margex as well as how to manage your orders and positions.
- [Order Types](/help-center/leverage-trading-guide/orders-positions/order-types.md): Learn about the different order types available on Margex: Limit, Market, Stop market, and Stop Loss/Take profit protection orders.
- [Place and Manage Orders](/help-center/leverage-trading-guide/orders-positions/manage-orders.md): Orders can be managed on the Trade page. 1. To Place an order, select the order parameters and click Buy/Sell. 2. To Cancel an order, click the 'Cancel X' button in the 'Active Orders' section.
- [Manage Open Positions](/help-center/leverage-trading-guide/orders-positions/manage-positions.md): Positions can be managed in the 'Open Positions' section the Trade page: 1. To Close a trade click 'Close X' and select the close type. 2. To add a Stop Loss/Take Profit - click SL or TP respectively.
- [Cross Margin and Isolated Margin: Differences explained](/help-center/leverage-trading-guide/orders-positions/cross-vs-isolated-margin.md): Cross vs Isolated margin differences: 1. Isolated margin - select an exact amount of funds to use in a trade, with an exact liquidation price. 2. Cross - use entire available balance and compound.