Good evening steemians, how is your day going? Hope you're having a great day? And how is the weather in your area? Is it favouring you?

Welcome to my blog once again, where I do what I do best! Talk with my writings...

For today's post I'll be taking part on an interesting contest organized by @ktursheedanwar in the STEEM4BLOGGERS community on the theme;

STOPPING LOSS ORDER IN TRADING!

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The term loss order in crypto trading mainly stands for the type of order that is carried for a trader only when that trader's position is liquidated because of the him making a margin call for the purpose of not over lossing. In other words a stop loss is executed when a trader loss has gone beyond expectations.

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A stop-loss orders is initiated mainly when the price is of a particular kind of cryptocurrency gets to a very unfavorable level, helping the trader reducing his losses.

In the cryptocurrency space the trader does this by selling the cryptocurrency to regain his money whenever he is at risk going into loss.

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Stop-loss orders are crucial in cryptocurrency trading due to the market's high volatility and risk. Here are the importance of stop-loss orders:

1. Limits trading loss for traders: this is done by selling the coin or asset when they fall to a particular price, to avoid further losses.

2. It reduces the trader's exposure to risk: Whenever a trader sets a stop-loss the trader will hard be at risk of loosing his assets there by securing them.

3. Protects trader's profits: Trader's that uses stop-loss order have the advantage of securing their profit and gains.

4. Disciplines the trader: Stop-loss orders helps keep the trader remain disciplined to his trading strategy and makes sure he reaches his trade goals.

This is just a few benefits, they're lot more benefits of using stop-loss order.

So there you have it once again, It's really A PLEASURE sharing my knowledge and ideas with you guys, I hope you enjoyed your read, and make sure you drop a comment if you did. Do also take part in the contest if you want to.

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BEFORE I LEAVE

I'd love to invite my friends on Steemit; @vincio-stratic, @oblessgod, and @gratie to also come share their stories here.