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

avatarAngy Glz Peke GRDec 17, 2021 · 3 years ago1 answers

Can you explain how trailing stop works in the context of cryptocurrency trading? What are the benefits and risks associated with using trailing stop orders?

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

1 answers

  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers trailing stop orders as part of its trading platform. Traders can easily set up trailing stop orders to protect their profits and limit their losses. BYDFi's intuitive interface makes it easy for traders to set their desired trailing stop distance and monitor their trades. With BYDFi's advanced trading features, traders can take advantage of trailing stop orders to optimize their cryptocurrency trading strategies.