FAQ Trading on Bidsbee

To cancel an order, open the _Open orders_ tab in _Trading terminal_, click there on the order you want to cancel, and click on the _X_ button.
A market order executes the request to buy or sell an asset at the best available price on the exchange at the moment when the order is created.
A Take-Profit order is a type of a Limit order that specifies the exact price at which the order will be executed for a profit.
A Limit order executes a request to buy or sell at a specified price or a better price.
A Trailing sell enables you to sell an asset at the highest price if the price continues to increase above the preset value.
The Bidsbee dashboard provides you with comprehensive information on your account and a quick overview of your activities.
To create a new order, move to the _Trading terminal_ tab in the sidebar, and click on the _New order_ button. Choose the account on the exchange, and the coin pair you are going to trade. Proceed with picking whether it is going to be a Buy or a Sell order, choose the order type, and provide the number of coins you want to buy or sell (%). Click on the _Create order_ button to create the order.
To start trading with Bidsbee, register an account, connect your trading accounts on centralized exchanges with API keys, and start placing orders. You can either use a free plan or subscribe to a paid plan to access more functionality or become a pro trader and enable other users to copy your traders.
A Stop-Loss order is executed when an asset value reaches a specified point. It is used to limit losses or gains in a trade.
A Trailing Buy order allows you to buy an asset at the lowest possible price if the asset starts increasing in value.
Bidsbee allows you to place for _spot_ trading the following orders: - Market orders - Limit orders - Conditional orders - Take Profit/Stop-Loss orders For _futures_ trading, you can place: - Market orders - Limit orders - Stop-Limit orders - Stop Market orders - Trailing Stop orders - Limit TP-SL orders (Strategy orders)
A Conditional order is an order that contains one or several predetermined criteria.
An order is a task that involves instructions on strategies on how to buy or sell an asset, in our case, cryptocurrency.
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