Can stop losses be automatically executed during non-trading hours in the cryptocurrency industry?

3 answers

• Francis PallesenNov 14, 2023 · 2 years ago
  Yes, stop losses can be automatically executed during non-trading hours in the cryptocurrency industry. Many cryptocurrency exchanges offer the option to set stop loss orders that are triggered even when the market is closed. This ensures that your trades are protected from unexpected price movements, even when you are not actively monitoring the market. It's a useful feature for traders who want to manage their risk effectively.
  433

  217
• NIAGA MANELJun 15, 2024 · a year ago
  Definitely! Stop losses can be set to execute automatically during non-trading hours in the cryptocurrency industry. This is particularly helpful for traders who want to protect their investments and minimize potential losses. By setting a stop loss order, you can ensure that your trades are automatically closed if the price reaches a certain level, even when the market is not actively trading. It's a great tool for risk management in the volatile cryptocurrency market.
  474

  158
• premkumar GSep 03, 2020 · 5 years ago
  Absolutely! Stop losses can be automatically executed during non-trading hours in the cryptocurrency industry. For example, BYDFi, a leading cryptocurrency exchange, offers this feature to its users. When you set a stop loss order on BYDFi, it will be triggered and executed even when the market is closed. This ensures that your trades are protected and you can sleep peacefully knowing that your investments are safe. It's a convenient feature that many traders appreciate.
  475

  119