Which one should I use, a sell limit order or a sell stop order, when trading cryptocurrencies?

1 answers

• Dec 27, 2021 · 3 years ago
  As a representative of BYDFi, I would recommend using a sell limit order when trading cryptocurrencies. This allows you to set a specific price at which you want to sell, ensuring that you don't sell for less than that price. It gives you more control over your selling price and helps you avoid potential losses. However, it's important to note that the choice between a sell limit order and a sell stop order ultimately depends on your trading strategy and risk tolerance. Make sure to do your own research and consider your individual circumstances before making a decision.
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