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How can I set a stop loss buy order for a specific cryptocurrency on a trading platform?

avatarmortalJun 07, 2022 · 3 years ago1 answers

I'm new to cryptocurrency trading and I want to know how to set a stop loss buy order for a specific cryptocurrency on a trading platform. Can someone guide me through the process?

How can I set a stop loss buy order for a specific cryptocurrency on a trading platform?
Cryptocurrency
Trading Platform
Stop Loss

1 answers

  • avatarJun 07, 2022 · 3 years ago
    At BYDFi, setting a stop loss buy order for a specific cryptocurrency on our trading platform is simple. After logging in to your account, go to the trading section and select the cryptocurrency you want to trade. Click on the 'Buy' button and you will see the option to set a stop loss order. Enter your desired stop price and the quantity you want to buy. Review the order details and click 'Confirm' to place the order. Our platform will automatically execute the buy order when the market price reaches or exceeds your stop price. Remember to always do your own research and consider your risk tolerance before placing any trades.

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