How can I set up a trailstop order on a cryptocurrency exchange?

3 answers

• Jake Griffiths-EllisDec 10, 2024 · 8 months ago
  To set up a trailstop order on a cryptocurrency exchange, follow these steps: 1. Log in to your account on the cryptocurrency exchange. 2. Navigate to the trading section of the exchange platform. 3. Find the option to create a new order. 4. Select the cryptocurrency pair you want to trade. 5. Choose the trailstop order type. 6. Set the trail amount or percentage. 7. Set the stop price or percentage. 8. Review the order details and confirm the order. Remember to double-check the order details before confirming, as trailstop orders can be tricky to modify or cancel once placed. Good luck with your trading!
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• AkonMar 23, 2021 · 4 years ago
  Setting up a trailstop order on a cryptocurrency exchange is easy-peasy! Just follow these simple steps: 1. Log in to your account on the cryptocurrency exchange. 2. Go to the trading section. 3. Find the option to create a new order. 4. Choose the cryptocurrency pair you want to trade. 5. Select the trailstop order type. 6. Set the trail amount or percentage. 7. Set the stop price or percentage. 8. Review the order details and click confirm. And voila! Your trailstop order is all set up and ready to go. Happy trading!
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• mullapudi gopivardhanJan 22, 2022 · 4 years ago
  If you're using BYDFi, setting up a trailstop order is a breeze. Just follow these steps: 1. Log in to your BYDFi account. 2. Navigate to the trading section. 3. Click on 'Create New Order'. 4. Choose the cryptocurrency pair you want to trade. 5. Select 'Trailstop' as the order type. 6. Set the trail amount or percentage. 7. Set the stop price or percentage. 8. Review the order details and click 'Confirm Order'. That's it! Your trailstop order is now set up on BYDFi. Happy trading!
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