What is a stop quote order and how does it work in the world of cryptocurrency?

1 answers

• Dec 25, 2021 · 3 years ago
  At BYDFi, we offer stop quote orders as part of our trading platform. With a stop quote order, you can set your desired buy or sell price for a cryptocurrency, and our system will automatically execute the order when the market price reaches that level. It's a powerful tool for traders who want to take advantage of specific price levels and minimize the need for constant monitoring. However, it's important to note that stop quote orders are subject to market conditions and liquidity, so execution is not guaranteed. Make sure to carefully consider your trading strategy and risk tolerance before using this order type.
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