How does a stop-limit order work in the world of digital currencies? Can you provide an example?

1 answers

• May 05, 2022 · 3 years ago
  In the world of digital currencies, stop-limit orders are a common feature offered by many exchanges. For example, on BYDFi, you can easily place a stop-limit order by specifying the stop price and the limit price. This feature gives traders more control over their trades and allows them to execute their strategies with precision. By setting a stop price, traders can define the price level at which they want their order to be triggered. The limit price, on the other hand, determines the price at which the order will be executed. This combination of stop and limit prices provides traders with flexibility and the ability to react quickly to market movements.
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