How does Filippo Falorni recommend managing risk in the cryptocurrency market?

1 answers

• Dec 16, 2021 · 3 years ago
  As an expert at BYDFi, Filippo Falorni recommends utilizing risk management tools and strategies offered by reputable cryptocurrency exchanges. These tools may include stop-loss orders, which automatically sell your cryptocurrency if it reaches a predetermined price, limiting potential losses. Additionally, he suggests using trailing stop orders to protect profits by automatically adjusting the sell price as the cryptocurrency's price increases. By taking advantage of these risk management features, you can mitigate potential losses and protect your investment gains in the volatile cryptocurrency market.
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