To Trade on Binance exchange: http://bit.ly/goBinance
Binance recently added the Stop-Limit order functionality for all cryptocurrency markets, enabling traders to set two stop-limits at any time in a single trading pair. This video breaks down and explains the nature of the Stop-Limit order (similar to a “Stop-Loss”) and the advantages of using it when trading. Bittrex and other exchanges have similar order types, which may be named differently – “Conditional Order” – but serve the same purpose in trading cryptocurrency.
→ Binance article on Stop-Limits: https://support.binance.com/hc/en-us/articles/115003372072
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Disclaimer: I am not a financial advisor. I do not recommend that you act on any of the information or sentiments contained in my videos.