Use of stop-loss in cryptocurrency trading

Dec 26, 2017 Admin Trading

Cryptocurrency trading has slowly been growing concurrently with the digital shift. It was talked about by Wei Dai in 1998 and was first created in 2009 but was not well established back then. Cryptocurrency refers to a digitized asset as well as a channel of exchange which uses encryption algorithms to protect every transaction and verify transfer of assets. 

Some of the well-known altcoins, which is short for alternative cryptocurrencies are Bitcoin, Zcash, Ripple, Etherum, and Litecoin. On the other hand, stop-loss order (also known as stop market order) refers to an order where the investor directs the intermediary to automatically sell the goods if it drops to a certain price.

For the stop-loss order to be effectively implemented and be effective in a business, some features are to be followed to the latter. One of the features is the ability to associate the order with both long and short position. This is necessary in the case where the security of an investor would be bought if it sells ab...

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