How can I use retail orders to take advantage of market volatility in the cryptocurrency industry?

1 answers

• May 06, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a feature called trailing stop orders. This type of order allows you to set a trailing stop percentage, which automatically adjusts the trigger price as the market price moves in your favor. For example, if you set a trailing stop percentage of 5% and the price of a cryptocurrency increases by 5%, the trigger price will also increase by 5%. This way, you can capture more profits if the price continues to rise. Trailing stop orders can be a powerful tool for maximizing your gains in a volatile market. However, it's important to note that trading involves risks, and it's essential to do your own research and consider your risk tolerance before using any trading strategy.
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