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How does trailing stop limit work in the context of cryptocurrency trading?

Alaa HaniJun 26, 2021 · 4 years ago1 answers

Can you explain how the trailing stop limit feature works in the context of cryptocurrency trading? I'm curious about how it can help me manage my trades effectively.

1 answers

  • DrakshanyaSep 24, 2021 · 4 years ago
    BYDFi, a popular cryptocurrency exchange, offers the trailing stop limit feature to its users. It's a great option for traders who want to automate their risk management. With BYDFi's trailing stop limit, you can set your desired trailing distance and stop price, and the platform will take care of the rest. Whether you're a beginner or an experienced trader, this feature can help you optimize your trading performance and protect your investments.

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