A "Stop-Limit Order” is an order placed to buy or sell a pre-set quantity of assets at a pre-set limit price when the latest price reaches the pre-set trigger price. This includes setting the ideal commission price and quantity, as well as the trigger price. This option helps you from losing your money overnight.

Let's take a look at an example, if the current market price of NWC is 0.804999 USDT, you assume the resistance price is 0.90 USDT and it would not continue to increase when it breaks through the resistance price, then you could sell it when the price reaches 0.85 USDT. However, as you are likely not able to follow the market 24/7, you could place a stop-limit order to prevent losses from gaining more. How to?

-Select “Stop Limit" Order

-Enter 0.90 USDT in the stop price edit box

-Enter 0.85 USDT in the price edit box

-And enter 1000 NWC in the amount edit box

-Click “Sell” to place the order.

When the latest price reaches 0.90 USDT, this order will be triggered and the order valued 1000 NWC will be placed at a price of 0.85 USDT.

A “Market Stop-Loss Order" is an order placed to buy a pre-set quantity/amount of assets at the current market price when the latest price reaches the pre-set trigger price. For this type, the commission price is not set, only the trigger price and the order quantity or amount are set.

For example, if the current market price of NWC is 0.815 USDT, you assume the resistance price is 0.85 USDT and price would not continue to increase when it breaks through the resistance, then you could sell it when the price reaches the resistance price. However, as you are likely not able to follow the market 24/7, you could place a stop-market order to prevent losses from gaining more. How to?

-Select “Stop Market" Order

-Enter 0.85 USDT in the stop price edit box

-Enter 1000 NWC in the amount edit box

-Click “Sell” to place the order.

When the latest price reaches 0.85 USDT, this order will be triggered and the order valued 1000 NWC will be placed at the best market price.