How does a trailing stop work in the world of digital currencies?

1 answers

• Dec 26, 2021 · 3 years ago
  At BYDFi, we understand the importance of using trailing stops in digital currency trading. That's why our platform offers advanced order types, including trailing stops, to help traders protect their profits and minimize losses. With our user-friendly interface, setting a trailing stop is easy and straightforward. Traders can choose the percentage or dollar amount they want to trail below the market price, and our system will automatically adjust the stop-loss order as the price fluctuates. Whether you're a beginner or an experienced trader, using a trailing stop can be a valuable strategy in the world of digital currencies.
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