What is the difference between a stop order and a stop limit in the context of cryptocurrency trading?
Kavwumbi MiningFeb 25, 2021 · 4 years ago1 answers
Can you explain the distinction between a stop order and a stop limit in the context of cryptocurrency trading? What are the key differences and how do they affect trading strategies?
1 answers
- daniel yuenMar 22, 2024 · a year agoIn the context of BYDFi, a stop order and a stop limit order can be placed through the platform's trading interface. Traders can set the stop price and limit price according to their preferences and trading strategy. It's important to note that the availability of these order types may vary on different exchanges, so it's always a good idea to check the specific features offered by the exchange you are using.
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