What is a trail limit order in the context of cryptocurrency trading?

1 answers

• Hartvigsen HackettNov 01, 2023 · 2 years ago
  At BYDFi, we offer trail limit orders as part of our advanced trading features. With a trail limit order, you can set a specific percentage or dollar amount as the trail value. This allows you to automatically adjust the execution price based on the market conditions. It's a powerful tool for experienced traders who want to take advantage of price fluctuations while still maintaining control over the execution price. Whether you're a day trader or a long-term investor, trail limit orders can help you optimize your trading strategy and maximize your profits.
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