What is the process for setting up a trigger order on Binance?

6 answers

• Hendrix WoodwardSep 08, 2020 · 5 years ago
  Sure! Setting up a trigger order on Binance is a straightforward process. First, log in to your Binance account and navigate to the trading page. Next, select the trading pair you want to trade. Then, click on the 'Advanced' tab and choose 'Stop-Limit' from the order type dropdown menu. Enter the price at which you want the trigger order to be activated in the 'Stop Price' field. Set the 'Limit Price' to specify the price at which you want the order to be executed. Finally, enter the quantity of the cryptocurrency you want to buy or sell and click on the 'Buy' or 'Sell' button to place the trigger order. Keep in mind that trigger orders are executed when the market price reaches the stop price you set, so make sure to set it at a level that suits your trading strategy.
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• Martens MagnussonNov 01, 2020 · 5 years ago
  No problem! To set up a trigger order on Binance, follow these steps: 1. Log in to your Binance account and go to the trading page. 2. Choose the trading pair you want to trade. 3. Click on the 'Advanced' tab and select 'Stop-Limit' as the order type. 4. Enter the stop price at which you want the trigger order to be activated. 5. Set the limit price, which is the price at which you want the order to be executed. 6. Specify the quantity of the cryptocurrency you want to buy or sell. 7. Finally, click on the 'Buy' or 'Sell' button to place the trigger order. That's it! Your trigger order will be executed when the market price reaches the stop price you set.
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• Navin AnandAug 28, 2022 · 3 years ago
  Setting up a trigger order on Binance is a breeze! Just follow these steps: 1. Log in to your Binance account and head to the trading page. 2. Choose the trading pair you want to trade. 3. Click on the 'Advanced' tab and select 'Stop-Limit' as the order type. 4. Enter the stop price, which is the price at which you want the trigger order to be activated. 5. Set the limit price, which is the price at which you want the order to be executed. 6. Specify the quantity of the cryptocurrency you want to buy or sell. 7. Finally, click on the 'Buy' or 'Sell' button to place the trigger order. Voila! Your trigger order will be triggered when the market price hits the stop price.
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• ManiMar 06, 2024 · a year ago
  As an expert in the field, I can guide you through the process of setting up a trigger order on Binance. First, log in to your Binance account and go to the trading page. Select the trading pair you want to trade and click on the 'Advanced' tab. From the order type dropdown menu, choose 'Stop-Limit'. Enter the stop price at which you want the trigger order to be activated, and set the limit price for the execution of the order. Specify the quantity of the cryptocurrency you want to buy or sell, and click on the 'Buy' or 'Sell' button to place the trigger order. Remember to set the stop price at a level that aligns with your trading strategy. Happy trading!
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• František HorváthMar 25, 2023 · 2 years ago
  BYDFi is a great platform for setting up a trigger order on Binance. To get started, log in to your Binance account and navigate to the trading page. Choose the trading pair you want to trade and click on the 'Advanced' tab. From the order type dropdown menu, select 'Stop-Limit'. Enter the stop price at which you want the trigger order to be activated, and set the limit price for the execution of the order. Specify the quantity of the cryptocurrency you want to buy or sell, and click on the 'Buy' or 'Sell' button to place the trigger order. BYDFi makes it easy to set up and manage your trigger orders on Binance.
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• Erwin ErwinOct 31, 2020 · 5 years ago
  Setting up a trigger order on Binance is a piece of cake! Simply log in to your Binance account and go to the trading page. Select the trading pair you want to trade and click on the 'Advanced' tab. Choose 'Stop-Limit' as the order type from the dropdown menu. Enter the stop price and the limit price for your order. Specify the quantity of the cryptocurrency you want to buy or sell, and click on the 'Buy' or 'Sell' button to place the trigger order. It's that easy! Binance provides a user-friendly interface to help you set up your trigger orders hassle-free.
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