Which type of order, limit or stop limit, is more suitable for cryptocurrency traders?
Benjamin TongMay 04, 2022 · 3 years ago1 answers
When it comes to trading cryptocurrencies, which type of order, limit or stop limit, would be the better choice for traders? What are the advantages and disadvantages of each type of order? How do they work in the context of cryptocurrency trading?
1 answers
- May 04, 2022 · 3 years agoAt BYDFi, we recommend that cryptocurrency traders consider using both limit orders and stop limit orders in their trading strategies. Limit orders can help you get the best possible price, while stop limit orders can help you protect your profits and limit your losses. It is important to carefully consider your trading goals and risk tolerance before deciding which type of order to use. Remember to always do your own research and stay informed about the latest market trends and news before making any trading decisions.
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