Can you explain the concept of market orders and limit orders in cryptocurrency trading?

1 answers

• Dec 15, 2021 · 3 years ago
  Market orders and limit orders are two commonly used order types in cryptocurrency trading. A market order is an order to buy or sell a cryptocurrency at the best available price in the market. It is executed immediately, ensuring that the trade is executed quickly. However, the actual price at which the trade is executed may differ from the expected price due to market fluctuations. On the other hand, a limit order is an order to buy or sell a cryptocurrency at a specific price or better. It allows traders to set a desired price at which they are willing to buy or sell, and the order will only be executed if the market reaches that price or better. Limit orders provide more control over the execution price but may not be executed immediately if the market does not reach the specified price. It's important for traders to understand the differences between market orders and limit orders and choose the appropriate order type based on their trading strategy and goals.
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