How can I set a pending order on Robinhood for buying or selling cryptocurrencies?
Marco AstudilloDec 25, 2021 · 3 years ago1 answers
Can you provide a step-by-step guide on how to set a pending order on Robinhood for buying or selling cryptocurrencies? I'm new to trading and would like to understand the process better.
1 answers
- Dec 25, 2021 · 3 years agoAbsolutely! Here's a step-by-step guide on how to set a pending order on Robinhood for buying or selling cryptocurrencies: 1. Open the Robinhood app and log in to your account. 2. Search for the cryptocurrency you want to trade and select it. 3. Tap on the 'Trade' button. 4. Choose whether you want to buy or sell the cryptocurrency. 5. Enter the quantity you want to trade. 6. Select 'Limit Order' as the order type. 7. Set the price at which you want the order to be executed. 8. Choose the duration of the order. 9. Review the order details and tap on the 'Review' button. 10. Finally, tap on the 'Submit' button to place the pending order. That's it! Your pending order will be set on Robinhood and executed when the price reaches your specified limit.
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