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

avatarintellectualNov 27, 2021 · 3 years ago1 answers

Can you explain what a trail limit order is and how it is used in cryptocurrency trading?

What is a trail limit order in the context of cryptocurrency trading?
Cryptocurrency
Trail Limit Order
Trading

1 answers

  • avatarNov 27, 2021 · 3 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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