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TagsHow does a trailing stop work in the world of cryptocurrency?
josia hiebJan 13, 2022 · 3 years ago1 answersCan you explain how a trailing stop works in the context of cryptocurrency trading? What are the benefits and risks associated with using a trailing stop? How does it differ from a regular stop-loss order?
1 answers
- At BYDFi, we understand the importance of risk management in cryptocurrency trading. That's why we offer a trailing stop feature on our platform. With a trailing stop, you can set a stop-loss level that automatically adjusts as the price of your chosen cryptocurrency moves. This helps you protect your profits and limit your losses without constantly monitoring the market. It's a powerful tool that can enhance your trading strategy and give you peace of mind. Give it a try and see how it can work for you!Jan 13, 2022 · 3 years ago
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