Risk management is an important part of trading on cryptocurrency exchanges. One way to manage risk is to use KuCoin's stop-limit order feature. This feature allows traders to set a stop price and a limit price, and if the stop price is reached, the order will be automatically executed at the limit price.
I am wondering what the advantages of using this feature are. Are there any potential risks associated with using this feature? What are some other features that KuCoin offers that can help traders manage their risk? Are there any other strategies that traders can use to effectively manage their risk?
I am relatively new to trading cryptocurrency and I would appreciate any advice or guidance that experienced traders can provide.
I am wondering what the advantages of using this feature are. Are there any potential risks associated with using this feature? What are some other features that KuCoin offers that can help traders manage their risk? Are there any other strategies that traders can use to effectively manage their risk?
I am relatively new to trading cryptocurrency and I would appreciate any advice or guidance that experienced traders can provide.