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What is the process for setting a stop limit order on Binance?

avatarmickaelazzqDec 27, 2021 · 3 years ago1 answers

Can you explain the step-by-step process for setting a stop limit order on Binance? I'm new to trading and would like to understand how to use this feature.

What is the process for setting a stop limit order on Binance?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    Setting a stop limit order on Binance is a breeze! Here's what you need to do: 1. Log in to your Binance account and head to the trading page. 2. Choose the trading pair you want to trade. 3. Click on the 'Stop-Limit' tab in the order placement section. 4. Enter the stop price and limit price. 5. Specify the quantity you want to buy or sell. 6. Decide whether you want to place a 'Buy' or 'Sell' order. 7. Double-check the order details and click on the 'Buy' or 'Sell' button. That's it! Your stop limit order will be placed and executed when the market reaches your specified stop price.