How can I set up a trailing stop order on Binance for my cryptocurrency trades?

3 answers

• Reynolds JuulAug 30, 2024 · a year ago
  Sure! Setting up a trailing stop order on Binance is quite simple. Here's how you can do it: 1. Log in to your Binance account and go to the trading page. 2. Select the cryptocurrency pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. In the 'Stop' field, enter the price at which you want the trailing stop order to be triggered. 5. In the 'Limit' field, enter the price at which you want the order to be executed. 6. Set the 'Trailing Stop' option to your desired percentage. 7. Click on the 'Buy' or 'Sell' button to place your trailing stop order. That's it! Your trailing stop order will now be active and will automatically adjust the stop price based on the percentage you set.
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• taleen wahdanOct 25, 2024 · a year ago
  No problem! To set up a trailing stop order on Binance, follow these steps: 1. Login to your Binance account and navigate to the trading page. 2. Choose the cryptocurrency pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the price at which you want the trailing stop order to be triggered in the 'Stop' field. 5. Enter the price at which you want the order to be executed in the 'Limit' field. 6. Set the 'Trailing Stop' option to your desired percentage. 7. Finally, click on the 'Buy' or 'Sell' button to place your trailing stop order. That's it! Your trailing stop order will be active and will automatically adjust the stop price based on the percentage you specified.
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• Powell RocheMar 09, 2022 · 4 years ago
  Certainly! Here's a step-by-step guide to setting up a trailing stop order on Binance: 1. Log in to your Binance account and navigate to the trading page. 2. Select the cryptocurrency pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the price at which you want the trailing stop order to be triggered in the 'Stop' field. 5. Enter the price at which you want the order to be executed in the 'Limit' field. 6. Set the 'Trailing Stop' option to your desired percentage. 7. Finally, click on the 'Buy' or 'Sell' button to place your trailing stop order. That's it! Your trailing stop order will be active and will automatically adjust the stop price based on the percentage you specified. Please note that this information is specific to Binance and may vary on other exchanges.
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