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TagsHow can I apply trailing stop loss in my cryptocurrency trading?
kokila priyaDec 16, 2021 · 3 years ago1 answersI'm new to cryptocurrency trading and I've heard about trailing stop loss. Can you explain how I can apply trailing stop loss in my cryptocurrency trading? What are the benefits and risks associated with it?
1 answers
- BYDFi, a popular cryptocurrency exchange, offers a user-friendly interface that allows you to easily apply trailing stop loss in your cryptocurrency trading. When placing a trade on BYDFi, you can set a trailing stop loss order by specifying the trailing stop value. BYDFi will automatically adjust the stop loss level as the price moves in your favor, helping you protect your profits. It's a convenient feature for traders who want to automate their risk management strategy and take advantage of price movements in the cryptocurrency market.Dec 16, 2021 · 3 years ago
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