How to set up stop-loss and take-profit orders

Key takeaways

• Bitcoin and crypto traders can rely on automated orders on their trading platform to limit losses and secure gains.

• Stop-loss orders in Bitcoin trading started as manual risk management in the early 2010s. Now, they have become advanced, automated tools on today’s exchanges.

• In the algorithm era and bot pestering, proper trading tools like stop-loss and take-profit orders will help you protect your trades.

• Setting up advanced BTC trading strategies doesn’t guarantee a successful risk management plan. Monitoring the market regularly…