> For the complete documentation index, see [llms.txt](https://docs.position.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.position.exchange/products/trading-protocol/beginners-guide/close-position/close-market.md).

# Close Market

A market close is instant, and you close the position at the best available spot price.

Here’s the guideline to close a position by market order

**Step 1:** Choose the quantity you want to close

* Choose the percentage of quantity in your intention of closing (10%, 25%, 50%, 75%,100%).        

<figure><img src="/files/ZymQem1jT9t7SFgJ3PxQ" alt=""><figcaption></figcaption></figure>

* The defaulted percentage is 100% which means closing the whole position. Otherwise, you can quickly choose other percentages of position quantity (10%, 25%, 50%, 75%), it just reduces the position.

{% hint style="info" %}

* If the quantity of market close plus the quantity of a limit close that you have had previously overwhelmed the quantity of the position, the system will cancel limit close order to execute the market close order.
* If the quantity of market close order is below the minimum quantity required corresponding to each pair, this order can not be executed. Filling a larger quantity can solve this issue.
* If the quantity of market close order is more than 100% of market dept which is informed in the order book,  this order can not be executed. Filling a smaller quantity can solve this issue.
  {% endhint %}

**Step 2:** Click **Market** button on the right side of the position.

<figure><img src="/files/dV8XRbXUxJX988yv6CsM" alt=""><figcaption></figcaption></figure>

**Step 3:** Confirm the action

* The system creates an order of closing with the quantity selected. Check the details in this pop-up before clicking **Confirm** button

<figure><img src="/files/qr9W8sYKJ2j7U8CCAM4T" alt=""><figcaption></figcaption></figure>

* If this pop-up interrupts your flow, please click “**Don't show this popup again**” to remove it the next time.
* Your wallet will ask you to confirm the action. Please confirm the transaction.

<figure><img src="/files/F5qTFnzcZ2QkNkMd2Rgc" alt=""><figcaption></figcaption></figure>

* Then, the system will work for a second.

<figure><img src="/files/3XuPwJftZP7EVLNGg3xT" alt=""><figcaption></figcaption></figure>

* Now, your transaction is completed.
* After matching orders on the order book, the system will update the position and transfer margin and PnL to your wallet.