What does stop loss do in crypto?
Could you please explain what exactly a stop loss does in the realm of cryptocurrency? I've heard it mentioned frequently but am still unclear about its specific function and importance. How does it work? What are the benefits of using a stop loss? Also, are there any risks or downsides that I should be aware of? I'm interested in understanding how it can potentially safeguard my investments in the volatile crypto market.
Can I do stop loss on KuCoin?
Could you please clarify for me if it's possible to set up a stop loss on KuCoin? I've been trading cryptocurrencies on the platform for a while, but I'm still not entirely sure about all its features. Stop loss seems like a useful tool to manage risks, so I'm quite interested in knowing if it's available on KuCoin. If it is, could you guide me through the process of setting it up? It would be great if you could provide any additional tips or advice on using stop loss effectively on the platform. Thank you in advance for your help!
How do I stop loss in MEXC?
Could you kindly explain to me how I can effectively manage stop losses on the MEXC platform? I've noticed some fluctuations in the market recently and am keen on learning strategies to mitigate potential losses. Could you provide a step-by-step guide on how to set up stop-loss orders? Additionally, are there any specific tools or features within the platform that could help me in managing my risks? I'm relatively new to cryptocurrency trading and would appreciate any insights or advice you can offer.