In this Blofin crypto exchange futures trading tutorial I will show you how to set up a trailing stop loss on the Blofin futures market. Trailing stop losses can be a helpful tool to use to lock in profit on the Blofin futures market when an asset is going through price discovery and breaking to all time highs. It's a good idea to study the assets price history to get to know what a normal price movement is for the asset. You don't want to set the trailing stop loss to tight or you can get stopped out on a normal price fluctuation. Setting up a trailing stop loss is a simple process on the Blofin futures market and in this Blofin futures trading tutorial I will walk you through the 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 exchange including Blofin. Futures trading is also a high risk endeavor so manage your risk accordingly and do your own research before trading futures on crypto exchanges.
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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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