How do stop and limit orders work in the context of digital currencies?

1 answers

• May 06, 2022 · 3 years ago
  At BYDFi, we understand the importance of stop and limit orders in digital currency trading. They provide traders with a way to manage risk and take advantage of market opportunities. Stop orders can help protect against sudden price drops, while limit orders allow traders to set their desired entry or exit points. By using stop and limit orders effectively, traders can automate their trading strategies and reduce emotional decision-making. It's just one of the many tools available to traders on our platform.
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