indoiorew.blogg.se - How is the binance desktop app

If the price crosses these thresholds, your orders execute automatically, helping you maximize your profits or minimize your losses. The only problem with stop-limit orders is that they force you to pick a direction.

Think Bitcoin’s going to go down? Then you have the option to set a stop-loss order at $46,000.

A stop-limit order combines a stop loss and limit order and protects you against big market moves, by allowing you to set buy or sell orders at either above or below the current price. Example: Say Bitcoin’s at $50,000 and you are feeling bullish, you can set a stop-limit sell order at $55,000.

For example, you can set a buy order for Bitcoin (say at that time worth $40,000) if the price drops to $35,535.

A limit order enables you to set a trade order at a price of your choice (higher than the current price for selling and lower for buying).

This is because there is a gap between selling and buying order prices, and you are, in effect, jumping the queue and trading at the best immediate offer) A market order allows you to buy or sell instantly at the current price (note that you’ll either buy a slightly higher price or sell at a slightly lower price.Binance offers a few different types of spot trading options, such as market, limit, stop-limit, and OCO. The easiest way to trade is by executing spot trades at real-time prices.