What is a Stop-Limit Order?
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The previous tutorial we learned how to use Poloniex in a basic way, but it is time to increase the level. It is worth remembering that if you have poloniex stop limit buy read poloniex stop limit buy first tutorial, we recommend you do it from this link so you know the basics before moving on to this second step.
If we noticed in the previous tutorial, between the boxes of purchase and sale of the exchange poloniex stop limit buy a box called "Stop Limit". But that it does?
Well, in a basic way, it is used to buy and sell, but more intelligently. To explain it better remember that the cryptocurrency market operates 24 hours a day and does not have holidays, that is; It never stops. This means that we can not always be aware of the changing markets, in which we lose the juicy profits or avoid many losses.
To do poloniex stop limit buy enter Stop Limit. In the previous tutorial we learned how to create normal orders, which at the time of purchase set a price and an amount, and the order was executed when someone thought our price was fair; But, what happens if we buy many crypto currencies and the price comes down? Well let's play a bit with Stop limit. To see this more carefully let's see the box of Stop Limit. In the central box we see the section of Stop Limitwhich exists for each of the crypto currencies that are traded in Poloniex.
Let's understand it little by little, before generating an order. To generate a Stop Limit type order we only have to place the corresponding data in each box, and click on Buy or Selldepending on the order we want to generate. When creating these orders we can see them either in the table at the end of the My Open Orders page, or in the top menu, by clicking on Orders and then on My open orders.
In the basic exchange, we will risk and generate profits from our own funds, but with this section we poloniex stop limit buy generate even more profits "Asking for a loan" this means that other users will lend us their funds so that we can market them and pay them a percentage for the time we have used these funds.
That is why Margin Trading becomes a very striking option, since obviously more funds are greater profits, but beware, losses may also be greater, so before moving on to this section we recommend you have good practice in the basic exchange.
This is to protect the loans in case someone does not want to respond. But before we start with Margin Trading we are going to deviate a bit and we will learn about the Transfer Balances section. To go to this section we are going to click on the top menu in Balancesand then in Transfer Balances. Here we will find the different balance sheets of each section of Poloniex, that is, the balance sheets that we currently have in the Exchange section. To be able to transfer them, we will go to the box in top of the table that is in screen and in the text box Amount we will place the amount that we want to transfer.
Once this is placed, we will click on the Transfer button, and voila, we will have transferred our funds. These operations can be done as many times as we like, since no commission is charged. At the end we can see our funds as shown below. It may seem curious to see so few cryptocurrencies available to transfer between the different sections Exchange, Margin Trading, Lending but here lies one of the disadvantages of both Margin Trading and Lendingbecause there you can only work with these few cryptocurrencies; Otherwise Exchangewhich does have a much larger amount than these two.
Let's go to the section by clicking on the top menu, in Margin Trading. Once here we will see something very similar poloniex stop limit buy Exchangebut with a particularity: As we mentioned at the beginning, in Margin Trading we work at 2.
But where do these extra currencies come from? Well, in the Lending section we can borrow or lend our funds we will see this in depth later. Now, when creating an order from Margin Trading, the platform will automatically take a loan depending on the percentage amount we are willing to pay for it.
We are going to create a new order, in our case of purchase, and for that we are going to go to the box of purchase "Buy" and we are going to fill the following data.
These operations have a cost between 0. Before creating the order we have to remember that the minimum amount to create an order in this trading mode is 0. As we can see, a bar or a "position" is opened in the Open Position section, which we will study in detail. Once the order is finished we can click on Action, which will close the order, that is, in case of purchase it will liquidate the funds we buy, selling them, and poloniex stop limit buy it will only close the order normally.
There is another section to which we must pay poloniex stop limit buy, and this is the Margin Account, where we will be informed of the details of our Margin account. The good use of this section requires a lot of practice, so it is advisable to start with a good basic Exchange practice first before moving on to this level.
There is a way in the Poloniex platform where we poloniex stop limit buy easily take out dividends by just lending our money, and poloniex stop limit buy is Lending, an option that we will find in the top menu. From this section we will be able to lend or borrow to work in Margin Trading our cryptocurrencies.
To begin we need poloniex stop limit buy first transfer from Balance Balances as we did in the previous section, to our Lending section. Once transferred, it's time to get down to work. At the top of each table we will see the total cryptocurrency that are currently on loan. Once the data is filled, we will click on the offer loan button that poloniex stop limit buy generate the new order list, and it will be reflected in the table below.
It should be remembered that the minimum offer for a loan is 0. Poloniex stop limit buy tools we saw in this advanced tutorial are much more powerful than the basic tools we saw earlier. With Stop Limit we can increase poloniex stop limit buy or reduce losses if we use it wisely, but in the same way you must be careful since the risk of losses can be high; perhaps poloniex stop limit buy so much in Lending, since the system is responsible for protecting our money by liquidating the user in case of a price fall, but in Margin Trading because we can make very good profits, but we can see ourselves wrapped up in trouble if We do not do a good market study and we force the platform to give us a forced liquidation that is the same as leaving us without funds.
So you must be very careful when experimenting with this section. It remains for us to take great advantage of this platform and always remember the maxim of "practice makes perfect". That is why we recommend practicing first in basic Exchange before moving to this level. Poloniex stop limit buy TRADING In the basic exchange, we will risk and generate profits from our own funds, but with this section we can generate even more profits "Asking for a loan" this means that other users will lend us their funds so that we can market poloniex stop limit buy and pay them a percentage for the time we have used these funds.
With this balance in Margin Trading we can start this type of exchange. As it happened in the Exchange the data are: To create it, we will click on Margin Buy, and automatically the following will be generated. LENDING There is a way in the Poloniex platform where we can easily take out dividends by just lending our money, and this is Lending, an option that we will find in poloniex stop limit buy top menu.
The first thing we will find when we open the Lending window will be the following. Here we will see: To create a new offer we just fill in the information in the first box. Authors get paid when people poloniex stop limit buy you upvote their post.
