Today we'll look at what an OCO order is and how you can use it on Binance to set a take profit order and a stoploss order at the same time. No sub yet? No prob:
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To get started you can go to Binance and go to the advanced trading platform. Here you can use an OCO order which stands for 'one cancels the other'. It basically means if your take profit order gets hits, the stoploss order gets canceled, and vice versa.
You need to fill in 4 items. In this video I'll explain what these four items are exactly. After that, two orders will get created.
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DISCLAIMER
Nesami provides this video for informational purposes only. None of the information within this video should be interpreted as investment, financial or other advice. The information is of a general nature and does not take into account the circumstances of any particular individual. You alone are responsible for evaluating the benefits and risks associated with the use of any information within this video. Nesami cannot be held liable for any claim for damages arising from any decision you make based on the information within this video.
Tags: Binance OCO order, Binance OCO tutorial, Binance take profit and stop loss, Binance take profit order, Binance stop loss order, Binance stop loss tutorial, Binance take profit tutorial
Hashtags: #Binance #tutorial #takeprofit #stoploss #OCO
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