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What are the steps to issue a stop loss on the Binance platform?

avatarTiến MinhJun 05, 2022 · 3 years ago1 answers

Can you please provide a detailed explanation of the steps required to issue a stop loss order on the Binance platform? I would like to understand the process thoroughly before I start trading.

What are the steps to issue a stop loss on the Binance platform?
Binance
Stop Loss
Cryptocurrency

1 answers

  • avatarJun 05, 2022 · 3 years ago
    Alright, let me break it down for you. Here are the steps to issue a stop loss order on Binance: 1. Log in to your Binance account. 2. Head over to the 'Trade' section and choose the trading pair you want to trade. 3. Find the 'Stop-Limit' tab and give it a click. 4. Fill in the stop price and limit price fields. The stop price is the price at which your stop loss order will be triggered, and the limit price is the price at which your order will be executed. 5. Decide on the amount of cryptocurrency you want to sell or buy. 6. Hit the 'Sell' or 'Buy' button to place your stop loss order. That's it! Your stop loss order will be placed on Binance.

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