What are the key factors to consider when using a trail order in cryptocurrency trading?

1 answers

• Dec 27, 2021 · 3 years ago
  At BYDFi, we believe that trail orders can be a valuable tool for cryptocurrency traders. When using a trail order, it's important to consider factors such as the trailing stop distance, market volatility, and your own risk tolerance. By setting the trailing stop distance appropriately and monitoring the market conditions, you can effectively use trail orders to maximize profits and minimize risks in cryptocurrency trading.
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