How to Use Stop Loss (Stop Limit) on Binance - Full Guide

[00:01] instantly using the Stop Loss, Stop Limit, or Stop Cap feature—they're all the same thing on Binance—step by step, using your phone. It's very easy; I just want you to pay attention until the end of the video. So grab your coffee and let's get started! First, open the Binance app and log in to your account.

[00:16] If you don't have an account, you can register using the link in the video description below, and you'll get a 20% lifetime discount on platform fees. After logging in, from the homepage, click on Bitcoin. This page will appear, and it contains all the data

[00:31] and information related to Bitcoin that will help you with trading. Scroll down and click on Buy or Sell. This will open another page where you can buy and sell Bitcoin (BTC) using your USDT or any other

[00:46] stablecoin like USDD. Now, I'll go straight to explaining the Stop Loss feature. Of course, you've already made a deposit and your money is in your instant wallet, and you have a balance of USDT or another stablecoin, as I mentioned before. But if you have

[01:00] n't done any of that and don't have any balance at all, you can watch my video explaining the Binance platform in full on my channel. After you finish the video, come back and watch this one again. The important thing is that on this page, there are several ways you can buy and sell Bitcoin. For example, if

[01:17] you click here, this menu will appear with several options. The first is "Limit Order," which means you have to specify the Bitcoin price at which you want to buy. As soon as the Bitcoin price reaches that price, the order is

[01:30] executed immediately. It's like placing an order telling the system that as soon as the Bitcoin price reaches, say, the system that as soon as the Bitcoin price reaches, say, $60,000, the buy order will be executed immediately, and you'll buy Bitcoin. The second option on the menu is "Market," where you

[01:44] buy Bitcoin at the current market price. For example, if you set a price of $1000 and the current price... Bitcoin, for example, is currently at a market price of 70,000. So, as soon as you click "buy," it will buy immediately at the current market price. I explained these two types of orders in

[01:59] detail in a previous video, which you can watch after you finish this one. Now, the third option, which is the stop limit, or what some people call a stop loss, is the feature we will explain in today's video. Of course, we will

[02:13] explain the remaining options in future videos, so make sure you subscribe to the channel to see the upcoming videos, and also like the video so it reaches as many people as possible and everyone can benefit. Look, my friend, the stop

[02:28] benefit. Look, my friend, the stop limit or stop loss order feature is a very powerful tool that allows you to buy or sell cryptocurrencies, but only when certain price conditions are met, conditions that only you define. But what does this mean? To explain, my friend, the stop

[02:43] limit or stop loss feature is a combination of... There are two price points, or a feature that combines two prices: the stop price, at which the buy or sell order is activated, and the

[02:55] limit price, which is the price at which the order is executed or lower, and the buy or sell transaction is completed. To clarify further, let me explain how to practically buy and sell using the

[03:07] stop limit or stop loss feature. Pay close attention because the difference between setting prices in the buying and selling process can be confusing. So, focus carefully on the practical explanation of buying and selling separately. The first thing we'll explain is buying using the

[03:24] stop limit feature. Here, if you want to buy Bitcoin, for example, a stop limit means you enter the market and buy the currency. But when the price reaches a certain level, which

[03:36] indicates an upward trend in the Bitcoin price, the stop limit will be the price at which the will be the price at which the buy order is activated. The limit price is the maximum price you are willing to pay to buy the currency or Bitcoin. We're explaining this to you.

[03:50] Imagine, for example, that you want to buy Bitcoin, and the current price is $ 60,000. You believe that if Bitcoin reaches $ 61,000, it could potentially rise to $ 61,000, it could potentially rise to $ 70,000, or even $800,000 or $100,000, God willing. Instead of

[04:05] buying now at $ 60,000, knowing the price might then drop, you can use the stop-loss feature. Set the stop-loss price at Set the stop-loss price at $61,000 to activate the buy order, and set the limit price at, say,

[04:20] $61,000 to activate the buy order, and set the limit price at, say, buy Bitcoin. This means that as soon as Bitcoin reaches the stop-loss price

[04:32] as soon as Bitcoin reaches the stop-loss price of $61,000, the buy order will be activated to buy Bitcoin at $61,500 or less. Of course, these figures are just for illustrative purposes; I'm using them to explain the concept, so don't

[04:46] take them as financial advice. The point is, determining whether prices are trending upwards or downwards depends heavily on your understanding of technical analysis. So, if you don't know anything about it, are a beginner in trading, or even a professional, the video description will link to a book that explains

[05:01] technical analysis in Arabic from scratch to professional level. It will be a very powerful tool that will greatly help you understand the market, analyze price movements, and make buying or selling decisions. Now, let's talk about buying

[05:32] $100 or $1000, it's entirely up to you. Once you enter the amount you you. Once you enter the amount you want to buy, the "Photomagic" field will show you how much Bitcoin it is. Then, you click "Buy BTC." BTC is short for Bitcoin. I expect

[05:47] you already know this, but I just wanted to clarify it. This confirmation page contains the details of the purchase order using the stop- loss feature. As you can see, these details include the stop-loss price, the limit price, the quantity of Bitcoin you want to buy, and the value...

[06:03] You will use it to buy USDT, and there will also be a commission or fee. Make sure you check all the details and that your prices are correct. Then click " Confirm," and you will find the order immediately listed in your

[06:15] open orders. If it doesn't appear, just refresh the page; it should appear immediately. If you want to cancel the order, you can click here to do so. However, if you leave it, the order will remain until the conditions are met, and then it will automatically execute. Once the conditions are met, the

[06:31] purchase order will be executed automatically without any intervention from you. The Bitcoin you bought will be in your instant wallet. However, as long as the Bitcoin hasn't reached the price you set, the order won't be executed, and your USDT will remain in your instant wallet. If

[06:47] the order is executed immediately, you will instantly own Bitcoin instead of USDT because you have already purchased Bitcoin with it. There are three reasons for using the stop-limit feature. The first reason for using stop-loss orders in a buying process is to confirm the trend, meaning you only buy

[07:01] when the market shows signs that prices are trending upwards. The second reason is price control, which means you avoid buying at a high price by setting a specific buying price. The third reason is to enter the market automatically and strategically,

[07:16] based on conditions and prices that only you define. The second thing I'll explain is selling using the stop-loss or stop-limit feature, so pay close attention. But before we explain it, I advise you to subscribe to the channel and activate the bell to see previous and

[07:29] the video so it reaches as many people as possible and everyone can benefit. Look, my friend, after you buy any currency, you want to secure your investment or maintain your profit so that prices don't suddenly drop below your

[07:42] purchase price, leaving you feeling like you've lost everything. The solution here is to use the stop-loss or stop-limit feature. Stop-loss orders are used to protect you. The stop-loss price is the price at which a sell order is triggered, and the limit price is the lowest price you are willing to accept for selling the cryptocurrency,

[07:57] BTC, or Bitcoin. There are three main reasons for using stop- loss orders in a selling transaction. The first is risk management, as you protect yourself from significant losses if the price of Bitcoin falls and continues to fall. The second

[08:13] reason is securing your profits by selling before prices drop significantly. The last reason is controlling prices by not selling at a low price and knowing the price at which not selling at a low price and knowing the price at which you will sell. To illustrate this practically, let's inflate the price of

[08:29] Bitcoin to $60,000. Now, the buying and selling price of Bitcoin is $61,000. buying and selling price of Bitcoin is $61,000. You want to protect yourself from any potential losses if the market moves against you and prices fall, God forbid. In this case,

[08:45] you can use stop- loss orders to safeguard your position. You'll set the stop price, for example, at $59,500, and a dot to activate the sell order if the $59,500, and a dot to activate the sell order if the price drops. Then you'll set the limit price at

[09:00] $59,400. This means that as soon as the Bitcoin price reaches the stop price of $59,500, the sell order will be activated to sell Bitcoin for $59,400 or more. Again, these figures are just prices

[09:17] I'm using to explain the concept, so don't take them as financial advice. After setting the stop and limit prices as I explained, enter the amount of Bitcoin you want to sell. Do you want to sell for $100, for example, or $00,000? It's up to you. Once

[09:32] you enter the amount you want to sell, it will automatically tell you how much Bitcoin it is worth. Then click "Sell BTC," and the confirmation page will appear with the details of the sell order. Confirm these details carefully, and then click "Confirm." That's it! If you liked

[09:48] the video, please like, share, and subscribe to the channel. Peace out, my friend.