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What are the steps to create a stop loss order on Binance for my digital currencies?

avatarOLDFRYEGUYDec 16, 2021 · 3 years ago3 answers

Can you please provide a detailed explanation of the steps required to create a stop loss order on Binance for my digital currencies? I want to ensure that my investments are protected in case of sudden price drops.

What are the steps to create a stop loss order on Binance for my digital currencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Sure! Creating a stop loss order on Binance is a simple process. First, log in to your Binance account and navigate to the 'Trade' tab. Select the digital currency pair you want to trade. Then, click on the 'Stop-Limit' tab. Enter the stop price, which is the price at which you want the order to be triggered. Set the limit price, which is the price at which you want the order to be executed. Finally, enter the quantity of the digital currency you want to sell or buy. Click on the 'Sell' or 'Buy' button, and your stop loss order will be placed. Remember to review the details before confirming the order.
  • avatarDec 16, 2021 · 3 years ago
    No worries! To create a stop loss order on Binance, follow these steps. First, go to the Binance website and log in to your account. Once you're logged in, click on the 'Trade' tab. From there, select the digital currency pair you want to trade. Next, click on the 'Stop-Limit' tab. Enter the stop price, which is the price at which you want the order to be triggered. Then, set the limit price, which is the price at which you want the order to be executed. Finally, enter the quantity of the digital currency you want to sell or buy. Click on the 'Sell' or 'Buy' button, and voila! Your stop loss order will be placed.
  • avatarDec 16, 2021 · 3 years ago
    Creating a stop loss order on Binance is a breeze! Just follow these steps. First, log in to your Binance account. Once you're in, click on the 'Trade' tab. Choose the digital currency pair you want to trade. Then, click on the 'Stop-Limit' tab. Enter the stop price, which is the price at which you want the order to be triggered. Set the limit price, which is the price at which you want the order to be executed. Finally, enter the quantity of the digital currency you want to sell or buy. Click on the 'Sell' or 'Buy' button, and you're all set! Your stop loss order will be placed and your investments will be protected.