How does a trailing stop work in the world of cryptocurrency?

Teim0Apr 17, 2022 · 3 years ago1 answers

Can 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?

Cryptocurrency

Trailing Stop

Stop-loss Order

1 answers

Apr 17, 2022 · 3 years ago
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!