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BitForex is a cryptocurrency exchange. It provides a variety of effective trading tools (including currency trading, margin trading, and financial derivatives). On November 25th, 2020, BitForex was acquired by Cloud Ventures Holdings.
BitForex is one of the leading cryptocurrency exchanges in the world. By providing a wide range of trading products, which includes: spot trading, margin trading, and derivatives. BitForex constantly lanuch new features and products by adapting to the user needs.
Buy Verified Bitforex Accounts – What is a stop-limit order?
A stop-limit order is a limit order with a limit price and a stop price. Set the order price and quantity and the stop-limit price of the order. When the latest market price reaches the stop-limit, the system will automatically place a limit price order according to the order price and quantity preset by the user. The limit order will be executed once the limit price is reached.
Stop price: When the asset’s price reaches the stop price, the stop-limit order is executed to buy or sell the asset at the limit price or better.
Limit price: The selected (or potentially better) price at which the stop-limit order is executed.
Please note that after the market price reaches your limit price, your order will be executed as a limit order. If you set the stop-loss limit too high or the take-profit limit too low, your order may never be filled because the market price cannot reach the limit price you set.
Note: When placing a stop-limit order, if the trigger price you set = the latest market price, your stop-limit order will be converted to a limit order automatically.
Buy Bitforex Accounts – Is BitForex Pro safe?
Rest assured that the BitForex product is not only entirely legitimate, but also boasts a comprehensive set of safety measures to ensure the security of your funds. Its user-friendly trading platform and suite of products offer a seamless and hassle-free trading experience for users.
With BitForex, you can trust that your investments are in good hands. Its robust security protocols include multi-factor authentication, SSL encryption, and cold storage of digital assets, among other measures. These features are designed to prevent unauthorized access and protect against potential security breaches.
In addition to its safety features, BitForex also offers a range of tools and resources to help traders make informed investment decisions. From advanced charting and analysis tools to a comprehensive knowledge base and community forum, BitForex provides the support traders need to succeed in the market.
Buy Bitforex Verified Account – Can you withdraw money from BitForex?
If you have existing cryptocurrency assets in your BitForex account, you have the option to withdraw them to either your personal crypto wallet or an external platform. This flexibility allows you to manage your assets in a way that best suits your needs and preferences.
Whether you prefer the security and control of a personal wallet or the convenience of an external platform, BitForex provides you with the freedom to choose. The withdrawal process is straightforward and easy to navigate, ensuring that you can quickly and efficiently access your assets whenever you need them.
Buy Verified Bitforex Account – How to place a stop-limit order on BitForex
1. Log in to your BitForex account and go to [Trade] – [Spot]. Select [Stop-limit].
2. Enter the stop price, limit price, and the amount of crypto you wish to purchase. Click [Buy] or [Sell] to confirm the details of the transaction.
What are Conditional Orders?
Conditional Orders are automatically submitted if specified criteria are met. Traders will need to specify a trigger price based on either the Limit Price or the Best Bid Price, to activate the orders. This is an advanced strategy that is more suitable for experienced traders.
Conditional orders do not have any margin requirements until the trigger price has been triggered. Traders can place any conditional orders successfully but if there is insufficient margin at the point of triggering, the system will automatically reject the order.
Two types of conditional orders are offered:
1. Conditional Limit Order
Limit Orders will only be placed in the order book when the Market Price hits the pre-set trigger price.
2. Conditional Best Bid Price Order
Best Bid Price Order will be executed when the Market Price hits the pre-set trigger price and the Conditional Best Bid Price Order will be placed the best available price. Unfilled portion will be shown on the Limit Price Order.
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