With the Stop Order and Trailing Stop feature, you can now trade without worrying about price changes when you’re offline.
Perfect your trades with the new trading features on Tokenize Xchange.
What is a Trailing Stop?
A Trailing Stop feature sets the stop price at a fixed amount below the market price with an attached “trailing” amount. As the market price rises, the stop price rises by the trail amount, but if the stock price falls, the stop loss price doesn’t change, and a market order is submitted when the stop price is hit. This technique is designed to allow an investor to specify a limit on the maximum possible loss, without setting a limit on the maximum possible gain.
Trailing Stop feature automatically adjusts the current market price, providing the investor with greater flexibility to profit while limiting a loss.
What is a Stop Order?
A Stop Order feature enables an investor to sell a coin when it reaches a certain price. It is an instruction to submit a sell market order when the stop trigger price is attained.