An OCO order combines the best of both worlds, allowing you to set a sell or buy order at both higher and lower the current price of a crypto asset.įor example, if Bitcoin’s price is $40,000 and you need to go to sleep but want to trade on autopilot, you can set a sell order at both $38,000 (for a 5% loss) and $44,000 (for a 10% profit), depending on your trading preference.That’s why Binance took things a step further in 2019 by introducing OCO orders. Create and Verify Wise Account: Wise is a money transfer platform that lets you send and receive money internationally, i.e. If the price crosses these thresholds, your orders execute automatically, helping you maximize your profits or minimize your losses. The only problem with stop-limit orders is that they force you to pick a direction. Think Bitcoin’s going to go down? Then you have the option to set a stop-loss order at $46,000.
Step- : Enter your name and your Microsoft email address in the text box and click on the. Step 3: Select the Exchange or Microsoft Exchange option and click on the Continue button. Step 2: On the menu bar, click on Mail and select the Add Account option. Step 1: Open the Mail app on your device. For example, you can set a buy order for Bitcoin (say at that time worth $40,000) if the price drops to $35,535. Configure Office 365 Email on macOS Mail App. A limit order enables you to set a trade order at a price of your choice (higher than the current price for selling and lower for buying).This is because there is a gap between selling and buying order prices, and you are, in effect, jumping the queue and trading at the best immediate offer) A market order allows you to buy or sell instantly at the current price (note that you’ll either buy a slightly higher price or sell at a slightly lower price.In the window Sign in to your Exchange account using Microsoft, click Configure Manually. In the window, Choose a Mail account provider, select Exchange.
Binance offers a few different types of spot trading options, such as market, limit, stop-limit, and OCO. Open System Preferences in macOS, select Internet Accounts. The easiest way to trade is by executing spot trades at real-time prices.