Various traders and investors have different trading practices. Some may hold the stock for the long term, and some other could not purchase stock at desired price. The stop and limit order is a feature that facilitates traders to sell or buy stock automatically at a specific price. The exchanges businesses can provide this feature to their trader through Crypto exchange software.
Not all cryptocurrencies are suitable for long-term investment. Traders need to be extra careful while investing them. The stop loss will help them to sell cryptocurrency automatically and minimize their loss.
The Stop Order proceeds when the order reaches the stop price, and the Limit Order instantly gets placed. Traders can sell their order below or little above the Limit Price. One thing trader must keep in mind that they should not take any emotional decision.
The cryptocurrency exchange solution does not take any charge for the service of stop and limit order. The broker gets commission only when the order executes.
It is essential to consider the market factors and capitalization of assets before buying or selling the orders. It helps growth investors, active traders, angel brokers, etc. to be saved from huge losses. The modern platforms like white label crypto exchange software also alert the traders about any slippage in prices.
The exchange businesses can avail the crypto exchange software from Espay Fintech. The software includes the features of stop and limit orders providing a seamless experience to the traders and investors.
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