How to Set a Stop Loss on Binance App (Step by Step)

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In this quick video, I will show you How to Set a Stop Loss on Binance App step by step.

Are you new to Binance and struggling to set a stop loss on the app? Don't worry, we've got you covered. In this video, we'll show you the step-by-step process of how to set a stop loss on Binance app, including setting stop limits and trailing stop losses.

STEP 1:
Open Binance and log into your account. From the main interface, click on the "Trade" button located at the bottom of the screen.

STEP 2:
Select the trading pair, then click on "Stop-Limit" located at the top of the screen.

STEP 3:
Enter the price at which you want the stop loss to be triggered. This is the price at which you want to sell the asset in the event that the market moves against you.

STEP 4:
Enter the stop price. This is the price at which the stop loss order will be triggered.

STEP 5:
Select the order type. You can choose a market or limit order depending on your preference.

STEP 6:
Enter the quantity of the asset you want to sell when the stop loss is triggered.

STEP 7:
Click on "Sell" to set the stop loss and confirm the details.

STEP 8:
If you want to set a trailing stop loss, repeat the same process as above but select" Trailing Stop-Limit" instead of "Stop Limit".

STEP 9:
Set the trailing stop percentage which will be used to trail the price of the asset.

STEP 10:
Click on "Sell" to set the trailing stop loss and confirm the details.

CONCLUSION:
Congratulations, you have successfully set a stop loss and trailing stop loss on Binance app! Setting a stop loss helps manage your losses by automatically selling the asset when the market moves against you. Remember, it's always important to set a stop loss when trading to manage risk.


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