Stop-loss order
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Understanding Stop-Loss Orders in Cryptocurrency Trading
Welcome to the world of cryptocurrency trading! It's an exciting space, but it can also be risky. One of the most important tools you can learn to manage that risk is the **stop-loss order**. This guide will explain what a stop-loss order is, why you need one, and how to use it, even if you're a complete beginner.
What is a Stop-Loss Order?
Imagine you buy some Bitcoin at $30,000, hoping it will go up. But what if it suddenly starts falling? You don’t want to lose *all* your money, right? A stop-loss order is like a safety net.
It’s an instru
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