Dear Coincall Users,
We are glad to inform you that Coincall users can now place Take Profit(TP) and Stop Loss(SL) Orders.
What are Take Profit (TP) and Stop Loss (SL)?
TP/SL order is an algorithmic trading strategy with which traders may set a trigger price and an order price to limit losses and reduce risks. Orders will be placed automatically at the predefined order price once the Mark price reaches the predefined trigger price to "take profit" or "stop loss". With this strategy, traders may engage in momentum trading or limit their losses in a volatile market.
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Benefits of Take Profit and Stop Loss Orders
TP/SL orders represent one of the best ways to mitigate risk. A TP order helps you lock profits when you have accurately anticipated a market movement. On the other hand, SL orders help you cut losses when the market moves against your positions. Consequently, it acts as a free insurance policy for your trading account.
You can also have the flexibility to engage in other activities while having an open position because the TP/SL orders will be automatically executed when the time is right.
Thank you for choosing Coincall as your trusted exchange platform.
Sincerely,
The Coincall Team
Simplified Crypto Options & Futures for All
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