What are benefits of TP & SL in Metavault.Trade

chidoskim (39)in #realyield • 2 years ago

Introduction to Metavault.Trade

Metavault.Trade is a decentralized peer-to-peer trading platform where users can purchase popular digital assets such as cryptocurrencies (BTC, ETH, XMR, ZEC, etc.), from other users using the Metavault.Trade platform. Metavault.Trade offers a wide range of options for both buyers and sellers, where buyers will be able to purchase their favorite digital assets in a secure, convenient and fast way at a low cost. The Metavault.Trade platform is designed to be a blockchain asset trading platform that allows secure, transparent and peer-to-peer trading with significantly lower fees than traditional exchanges. The platform is highly secure and uses smart contract technology. The Metavault.Trade platform will have a decentralised exchange which will work as a decentralised network for trading Polygon tokens.

The main objective of Metavault.Trade is to provide a seamless trading experience. By that, we mean that we want to provide you with a platform that is easy to use and at the same time, ensure that your information is secure. We also want to provide you with the best platform for trading, which is why we have created our own exchange. We added multiple benefits to our platform to ensure that you enjoy a seamless trading experience. The first thing you will see is the new team section, which is much more detailed than before, with a new advisor and an updated description of the team members. Second new thing is the token section.

Benefits

In Metavault.Trade, TP is the price that you enter in the market as your target price to close the position. TP is different from SL, which is the price that you enter in the market as your stop loss. Metavault.Trade is a system that allows you to store and trade your items with other players. You can buy, sell, and trade items in your vault. Your items are stored in the cloud and are accessible from any Metavault.Trade account. You can log in to the Metavault.Trade website, manage your trade items, and make trades from any computer. Because the vault is in the cloud, your account is always accessible and you can trade your items from any Metavault.Trade account. When you purchase a TP you can buy items from every trader that uses Metavault.Trade. If you purchase a TP for $25, you are able to purchase an item for $25 from any other trader.

There are two types of orders in MetaVault.Trade: TP and SL. Each has its own characteristics, advantages, and disadvantages. TP stands for Take Profit, where you set the price at which you want to sell the coin you are trading. This is the main order of a trader and the most important, because it is the one that determines the amount of profit you will receive, even if you lose the rest of the trades. The SL stands for Stop Loss. It is a type of order that determines the maximum amount of loss you are willing to take, and is used when the price of the coin you are trading goes against your TP.