Posts

Showing posts from October, 2023

How Trailing Stop Orders on Binance and Other Derivatives Ensure Optimum Profits?

Image
Crypto trading market is highly volatile. On one side, it can help you earn profits but at the other time, it may also incur heavy losses. There are situations when a trader wants to avoid high losses, but trends go against him. In such a case, the most viable option to exit the trade profitably is to use a kind of stop loss strategy. The goal of a crypto trader is to earn as much profit as possible in a short time from any kind of price movement in the market with an optimum level of risks. And, the best risk insurance tool is making use of stop or stop loss. To maximize profits with minimal risks, the trader can go with either of the two options: ·          Setting a take profit and move it periodically along with stop order as the price moves towards the pre-specified value ·          By using Trailing stop orders Among these two options, the first one allows the trader to take the maximum of the ...

How Traders Can Take Advantage of Take Profit Orders in Volatile Crypto Markets?

Image
  So, you are a regular crypto trader? Every day, you spend hours analyzing the market, looking for price action patterns, cross-checking the market trends and news, drawing resistance and support on the chart. Isn’t it? Finally, you find a perfect and profit making trade. And, exactly at the right time, you enter a trade. But, now what’s next when you are in the trade? Is all your work done? No, of course not! Exit strategies and trade management are equally important. It’s something which requires a lot of attention to earn good profits. As we all know that cryptocurrency market is highly volatile, so it’s mandatory for the trader to automate their trades. The best way to multiply your profits is to have a profit taking strategy in place. In all kinds of long-term or short-term crypto trading investments, deciding the right time to exit the position is important.   The best crypto trading platform like TrailingCrypto allows its traders to play and win the crypto t...

An ultimate guide to placing stop sell and trailing stop sell orders

Image
A Trailing stop sell order sets the stop price at a fixed amount below the market price with an attached “trailing” amount. As the market price rises, the stop price rises by the trail amount, but if the stock price falls, the stop price doesn’t change, and a market order is submitted when the stop price is hit. This technique is designed to allow an investor to specify a limit on the maximum possible loss, without setting a limit on the maximum possible gain. Using www.trailingcrypto.com, cryptocurrency traders can now perform Trailing Stop orders on all those exchanges which doesn’t natively support these kinds of order. This Tool is Free to use and currently provide support for Binance, Binance Futures, Bittrex, Bitmex, Kucoin, CEX.IO, Poloniex, Hitbtc, Huobi Pro, OKex, Coinex, Indodax, Timex, Kraken, Bitstamp, Binance US. Under one platform now user can trade on all the supported exchanges and order types supported by those exchanges. Cryptocurrency trading has grown in popular...