In this Blofin crypto exchange futures trading tutorial, I will show you how to set multiple take profit targets on the Blofin futures market. Setting multiple tale profit targets can be a great way to scale out of a futures position on the Blofin futures market. You can also use multiple take profit targets to capture partial profits as your trade moves favorably reducing your risk through out the trade. Setting take profit targets can be done using reduce only limit orders on the Blofin futures market. In this blofin futures trading tutorial I will demonstrate this process step by step. This video is not financial advice and is for educational purposes only. Always do your own research before using any crypto exchanges including Blofin. Futures trading is also a high risk endeavor so be sure to manage your risk appropriately and do you won research before trading crypto futures on any crypto exchanges including Blofin.
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Disclaimer:
Kiel Wilson is neither an investment advisory service nor a financial advisor. Trading has large potential risk, you must be aware of the risks and be willing to accept them. Do not trade with money you can not afford to lose. Data and information provided through the Kiel Wilson's channel & videos is solely for entertainment and informational purposes. Nothing in this channel or videos and the information provided in it should be construed as a recommendation to buy or sell Stocks, Futures, Indices, Forex, Cryptocurrencies, or Commodities. Investing in Cryptocurrency, Bitcoin, or tokens is highly speculative and the market is largely unregulated - therefore anyone considering it should be prepared to lose their entire investment. CFD's, Futures, & Derivatives are complex instruments and come with a high risk of losing money rapidly. Futures, stocks and options trading involves substantial risk of loss and is not suitable for every person. Most retail investor accounts lose money when trading these instruments. It's up to you to do your won research and decide whether you understand how these work and whether you can afford to take the high risk of losing your money. Trade at your own risk, Invest at your own risk and understand that these videos are simply for entertainment purposes only.
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