Binance: Stop-Limit Orders Explained, Stop-Limit vs. Stop-Loss difference

Binance: Stop-Limit Orders Explained, Stop-Limit vs. Stop-Loss difference

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Binance recently added the Stop-Limit order functionality for all cryptocurrency markets, enabling traders to set two stop-limits at any time in a single trading pair. This video breaks down and explains the nature of the Stop-Limit order (similar to a “Stop-Loss”) and the advantages of using it when trading. Bittrex and other exchanges have similar order types, which may be named differently – “Conditional Order” – but serve the same purpose in trading cryptocurrency.

Links:
→ Binance article on Stop-Limits: https://support.binance.com/hc/en-us/articles/115003372072

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Music:
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