Encountering the "Failed to Enter New Position" error in TradersPost can be frustrating, especially when the broker API provides no clear explanation. This guide explains why this error occurs, particularly for Binance users, and how to resolve it.
This error message typically appears when:
Since Binance recently changed its API security settings, many traders have encountered unexpected issues when placing trades through TradersPost.
Binance requires specific permissions for API keys to function correctly. Ensure that:
By default, Binance now restricts API keys to specific IP addresses. If this is enabled:
If issues persist, creating a new API key with the correct settings often resolves the problem:
Binance’s recent API changes have caught many traders off guard. The lack of a specific error message makes troubleshooting difficult. TradersPost doesn’t receive detailed API failure responses, meaning users need to manually verify their API settings.
If you're getting the "Failed to Enter New Position" error in TradersPost, the issue likely stems from expired API keys, incorrect permissions, or Binance’s new security settings. By checking API configurations, disabling IP restrictions, and generating a fresh key, you can resolve the issue and resume trading smoothly.