How does stop on quote trading work on cryptocurrency platforms?

3 answers

• Dec 16, 2021 · 3 years ago
  Stop on quote trading is a feature available on many cryptocurrency platforms that allows traders to automatically execute a market order when a specified price is reached. It works by setting a stop price, which is the trigger price for the market order. When the stop price is reached, the platform automatically converts the stop order into a market order and executes it at the best available price. This type of trading can be beneficial for traders who want to limit their losses or take advantage of price movements without constantly monitoring the market.
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• Dec 16, 2021 · 3 years ago
  Stop on quote trading is a popular feature among cryptocurrency traders. It allows them to set a stop price for their trades, which triggers a market order when the price reaches that level. This feature is particularly useful for traders who want to limit their losses by automatically selling their assets if the price drops below a certain point. It can also be used to take advantage of price movements by automatically buying or selling assets when the price reaches a desired level. Overall, stop on quote trading provides traders with more control over their trades and helps them manage risk effectively.
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• Dec 16, 2021 · 3 years ago
  Stop on quote trading is a feature that is offered by many cryptocurrency platforms, including BYDFi. It allows traders to set a stop price for their trades, which triggers a market order when the price reaches that level. This feature is particularly useful for traders who want to automate their trading strategies and take advantage of price movements without constantly monitoring the market. With stop on quote trading, traders can set their desired stop price and let the platform handle the execution of the market order. This helps traders save time and make more informed trading decisions.
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