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How to Use Stop-Loss & Take-Profit Orders on Extsy

Learn how to protect your crypto trades using Stop-Loss and Take-Profit orders on Extsy. This step-by-step guide helps beginners manage risk, lock profits, and automate smart trading strategies in 2025.

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How to Use Stop-Loss & Take-Profit Orders on Extsy

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  1. ? How to Use Stop-Loss & Take-Profit Orders on Extsy In crypto trading, managing risk is more important than making profit. That’s why smart traders always use Stop-Loss and Take-Profit orders. These tools help automate your trades and protect your portfolio — especially in volatile markets like crypto. In this guide, you’ll learn what they are, why they matter, and how to use them easily on Extsy. 1. ❓ What is a Stop-Loss Order? A Stop-Loss is an order that automatically sells your crypto when the price drops to a certain level, minimizing your losses. ✅Example: You buy BTC at $90,000 Set a Stop-Loss at $88,000 If BTC drops, your order sells at $88,000, protecting your capital. 2. ? What is a Take-Profit Order? A Take-Profit order automatically sells your crypto when the price rises to your profit target — so you lock in gains without constantly watching the market. ✅Example: You buy ETH at $3,000 Set a Take-Profit at $3,300 If ETH hits $3,300, your trade closes in profit. 3. ? Why Use These Tools? Using these orders gives you 3 key advantages: ● ?Risk Control – Prevent big losses in sudden dips ● ?Emotion-Free Trading – No panic selling or greedy holding

  2. ● ?24/7 Automation – Trades execute even while you sleep 4. ⚙ How to Set Stop-Loss & Take-Profit on Extsy Extsy makes it simple to set both Stop-Loss and Take-Profit orders: ✅ Step-by-Step: 1. Login to your Extsy account → extsy.com 2. Go to the Trading Terminal 3. Select the crypto pair you want to trade (e.g., BTC/USDT) 4. Choose "Advanced Order" or "Limit/Stop" order 5. Set your: ○ Buy or Sell price ○ Stop-Loss price ○ Take-Profit price 6. Click Confirm Order ? Done! Your trade is now protected automatically. 5. ? Tips for Smart Usage ● Don’t set stop-losses too tight — allow room for normal fluctuations ● Set realistic take-profit levels based on market trends ● Adjust orders as your trade develops ● Backtest your strategy on small trades first

  3. ? Start Trading Smarter on Extsy Whether you're new to crypto or a pro trader, using Stop-Loss and Take-Profit orders is essential to long-term success. Extsy gives you the tools, control, and flexibility to trade like a pro — even in volatile markets.

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