Hello everyone,
I'm new to the world of cryptocurrency trading and am struggling to understand how to use stop-loss orders on crypto exchanges. I know that it's a type of order that automatically sells a cryptocurrency when it reaches a certain price, but I'm not sure how to set it up or what exactly it does. Can anyone provide some more information on this topic?
I'm interested in knowing how to set up a stop-loss order, what types of stop-loss orders are available, and what fees or commissions are associated with them. I'd also like to know the benefits and drawbacks of using stop-loss orders on crypto exchanges. Any advice or experiences that you have had would be greatly appreciated.
I'm new to the world of cryptocurrency trading and am struggling to understand how to use stop-loss orders on crypto exchanges. I know that it's a type of order that automatically sells a cryptocurrency when it reaches a certain price, but I'm not sure how to set it up or what exactly it does. Can anyone provide some more information on this topic?
I'm interested in knowing how to set up a stop-loss order, what types of stop-loss orders are available, and what fees or commissions are associated with them. I'd also like to know the benefits and drawbacks of using stop-loss orders on crypto exchanges. Any advice or experiences that you have had would be greatly appreciated.