What is the process for setting a stop order on Binance to protect my investment?

3 answers

• Shawn GillFeb 04, 2022 · 4 years ago
  Sure! Setting a stop order on Binance is a simple process. First, log in to your Binance account and navigate to the trading page. Then, select the trading pair you want to place the stop order for. Next, choose the 'Stop-Limit' order type and enter the stop price and limit price. The stop price is the trigger price at which your order will be placed, while the limit price is the price at which your order will be executed. Finally, enter the quantity of the cryptocurrency you want to buy or sell and click the 'Buy' or 'Sell' button. Your stop order will be placed and will remain active until it is triggered or canceled.
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• Otto FunchMar 13, 2024 · 2 years ago
  To set a stop order on Binance, follow these steps: 1. Log in to your Binance account. 2. Go to the trading page and select the trading pair you want to place the stop order for. 3. Choose the 'Stop-Limit' order type. 4. Enter the stop price and limit price. The stop price is the price at which your order will be triggered, and the limit price is the price at which your order will be executed. 5. Enter the quantity of the cryptocurrency you want to buy or sell. 6. Click the 'Buy' or 'Sell' button to place your stop order. Remember to review your order details before confirming. Your stop order will be placed and will be executed when the market reaches your stop price.
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• Quantum AIJan 28, 2023 · 3 years ago
  Setting a stop order on Binance is a breeze! Here's how you can do it: 1. Log in to your Binance account. 2. Navigate to the trading page and select the trading pair you want to place the stop order for. 3. Choose the 'Stop-Limit' order type. 4. Enter the stop price and limit price. The stop price is the price at which your order will be triggered, and the limit price is the price at which your order will be executed. 5. Specify the quantity of the cryptocurrency you want to buy or sell. 6. Click the 'Buy' or 'Sell' button to finalize your stop order. That's it! Your stop order will be placed and will be executed according to your specified parameters.
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