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Can you explain how to set a stop limit order on KuCoin for trading digital currencies?

avatarAshia 20'sDec 18, 2021 · 3 years ago1 answers

I would like to know the steps to set a stop limit order on KuCoin for trading digital currencies. Can you explain it in detail?

Can you explain how to set a stop limit order on KuCoin for trading digital currencies?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    Of course! Here's a step-by-step guide on how to set a stop limit order on KuCoin for trading digital currencies: 1. Log in to your KuCoin account and navigate to the trading page. 2. Select the digital currency pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price, which is the price at which you want the order to be triggered. 5. Set the limit price, which is the price at which you want the order to be executed. 6. Specify the quantity of the digital currency you want to buy or sell. 7. Review the order details and click on the 'Buy' or 'Sell' button to place the stop limit order. It's important to note that stop limit orders are executed when the market price reaches or exceeds the stop price. If the market price doesn't reach the stop price, the order won't be executed. I hope this explanation helps! If you have any more questions, feel free to ask.