How can I set a trailing stop order on a cryptocurrency exchange like Binance?

3 answers

• Seif HamedAug 18, 2024 · a year ago
  Sure! Setting a trailing stop order on a cryptocurrency exchange like Binance is a relatively simple process. Here's a step-by-step guide: 1. Log in to your Binance account and navigate to the trading platform. 2. Select the cryptocurrency pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price, which is the price at which the trailing stop order will be triggered. 5. Set the limit price, which is the price at which the order will be executed. 6. Choose the quantity of the cryptocurrency you want to trade. 7. Set the trailing stop percentage, which determines how much the stop price will trail the market price. 8. Review your order details and click 'Buy' or 'Sell' to place the trailing stop order. That's it! Your trailing stop order will be placed on the cryptocurrency exchange like Binance.
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• Newton PierceJul 26, 2021 · 4 years ago
  Setting a trailing stop order on a cryptocurrency exchange like Binance is super easy! Just follow these steps: 1. Log in to your Binance account. 2. Go to the trading platform. 3. Choose the cryptocurrency pair you want to trade. 4. Click on the 'Stop-Limit' tab. 5. Enter the stop price and the limit price. 6. Select the quantity of the cryptocurrency you want to trade. 7. Set the trailing stop percentage. 8. Review your order details and click 'Buy' or 'Sell' to place the trailing stop order. That's all there is to it! You'll have your trailing stop order set up in no time.
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• Pedro SaenzNov 18, 2024 · 8 months ago
  As a representative of BYDFi, I can tell you that setting a trailing stop order on a cryptocurrency exchange like Binance is a straightforward process. Here's what you need to do: 1. Log in to your Binance account. 2. Navigate to the trading platform. 3. Choose the cryptocurrency pair you want to trade. 4. Click on the 'Stop-Limit' tab. 5. Enter the stop price and the limit price. 6. Specify the quantity of the cryptocurrency you want to trade. 7. Set the trailing stop percentage. 8. Review your order details and click 'Buy' or 'Sell' to place the trailing stop order. That's it! Your trailing stop order will be executed on the cryptocurrency exchange like Binance.
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