#WhaleMovements #SECGuidance #VoteToListOnBinance
#BTCRebound
Sure, here's the explanation in Modern Standard Arabic and in a simple way:
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What is the Stop-Loss feature on the Binance platform?
The "Stop-Loss" feature is an order that you place in advance on the Binance platform for the platform to automatically sell or buy a specific asset when its price reaches a level set by you, with the aim of reducing losses in case the market direction turns against you.
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A simple example:
Suppose you bought a currency at a price of 100 dollars, and you want to not lose more than 10%, so you place a Stop-Loss order at 90 dollars.
If the price of the currency drops to 90 dollars, Binance will automatically sell the currency, thus protecting yourself from further losses.
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Types of Stop-Loss orders on Binance:
1. Stop-Limit Order:
It consists of:
Stop Price: The price at which the order is activated.
Limit Price: The price at which you want to sell or buy after the order is activated.
Example:
Stop Price: 90 dollars
Limit Price: 89 dollars
When the price reaches 90 dollars, the sell order will be activated, and a sell order will be placed at 89 dollars.
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2. Stop-Market Order:
You only specify the stop price, and when it is reached, the order is executed immediately at the market price.
This type is faster in execution, but it may not execute at the exact price you want.
#BTCRebound
Sure, here's the explanation in Modern Standard Arabic and in a simple way:
---
What is the Stop-Loss feature on the Binance platform?
The "Stop-Loss" feature is an order that you place in advance on the Binance platform for the platform to automatically sell or buy a specific asset when its price reaches a level set by you, with the aim of reducing losses in case the market direction turns against you.
---
A simple example:
Suppose you bought a currency at a price of 100 dollars, and you want to not lose more than 10%, so you place a Stop-Loss order at 90 dollars.
If the price of the currency drops to 90 dollars, Binance will automatically sell the currency, thus protecting yourself from further losses.
---
Types of Stop-Loss orders on Binance:
1. Stop-Limit Order:
It consists of:
Stop Price: The price at which the order is activated.
Limit Price: The price at which you want to sell or buy after the order is activated.
Example:
Stop Price: 90 dollars
Limit Price: 89 dollars
When the price reaches 90 dollars, the sell order will be activated, and a sell order will be placed at 89 dollars.
---
2. Stop-Market Order:
You only specify the stop price, and when it is reached, the order is executed immediately at the market price.
This type is faster in execution, but it may not execute at the exact price you want.