Can you provide step-by-step instructions on how to set stop loss and take profit orders on Binance for buying and selling digital assets?

3 answers

• Olalekan AjirotutuAug 03, 2020 · 5 years ago
  Sure, I can help you with that! To set a stop loss order on Binance, follow these steps: 1. Log in to your Binance account. 2. Go to the 'Trade' tab and select the trading pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the price at which you want the stop loss order to be triggered. 5. Set the stop price and the limit price. 6. Choose the amount of the asset you want to sell. 7. Click on the 'Sell' button to place the stop loss order. To set a take profit order on Binance, follow the same steps but select the 'Take-Profit' tab instead of the 'Stop-Limit' tab. Enter the price at which you want the take profit order to be triggered and set the limit price accordingly. Click on the 'Sell' button to place the take profit order. I hope this helps! Let me know if you have any further questions.
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• UN_F_AP_YDMar 30, 2022 · 3 years ago
  Absolutely! Setting stop loss and take profit orders on Binance is crucial for managing your risk and maximizing your profits. Here's a step-by-step guide: 1. Log in to your Binance account and navigate to the 'Trade' tab. 2. Select the trading pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the price at which you want the stop loss order to be triggered. 5. Set the stop price and the limit price. 6. Specify the amount of the asset you want to sell. 7. Click on the 'Sell' button to place the stop loss order. To set a take profit order, follow the same steps but choose the 'Take-Profit' tab instead. Enter the price at which you want the take profit order to be triggered and set the limit price accordingly. Click on the 'Sell' button to place the take profit order. I hope this explanation was helpful! If you have any further questions, feel free to ask.
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• Jamison OlsenOct 07, 2023 · 2 years ago
  Sure, I can guide you on how to set stop loss and take profit orders on Binance. Here are the steps: 1. Log in to your Binance account. 2. Go to the 'Trade' section and select the trading pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the price at which you want the stop loss order to be triggered. 5. Set the stop price and the limit price. 6. Specify the amount of the asset you want to sell. 7. Click on the 'Sell' button to place the stop loss order. To set a take profit order, follow the same steps but choose the 'Take-Profit' tab instead. Enter the price at which you want the take profit order to be triggered and set the limit price accordingly. Click on the 'Sell' button to place the take profit order. I hope this helps! If you have any more questions, feel free to ask.
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