How does a not-held order differ from other types of orders in the cryptocurrency market?

7 answers

• Feb 18, 2022 · 3 years ago
  A not-held order in the cryptocurrency market refers to an order where the trader allows the broker or exchange to exercise discretion in executing the order. Unlike other types of orders, such as market orders or limit orders, a not-held order gives the broker flexibility in executing the trade based on market conditions. This means that the broker can choose the timing and price at which the order is executed, aiming to achieve the best possible outcome for the trader. It's important to note that the broker still has a duty to act in the best interest of the trader and should exercise this discretion responsibly.
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• Feb 18, 2022 · 3 years ago
  When it comes to not-held orders in the cryptocurrency market, it's all about trust. By giving the broker or exchange the freedom to execute the order based on their expertise and market knowledge, traders hope to benefit from their insights and potentially get a better deal. However, this also means that traders are relinquishing some control over the execution of their trades. It's a trade-off between convenience and trust, and each trader needs to decide what works best for them.
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• Feb 18, 2022 · 3 years ago
  In the cryptocurrency market, a not-held order is an order type that allows the broker or exchange to make decisions on behalf of the trader when executing the trade. This can be useful in situations where the trader wants to take advantage of the broker's expertise or when the trader is unable to actively monitor the market. However, it's important to choose a reputable broker or exchange that has a track record of acting in the best interest of their clients. At BYDFi, we offer not-held orders as an option for traders who want to benefit from our experience and market insights.
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• Feb 18, 2022 · 3 years ago
  A not-held order is like giving the reins to the broker or exchange in the cryptocurrency market. It's like saying, 'Hey, I trust you to make the best decision for me.' While it may seem risky to some, it can also be a way to tap into the expertise of professionals who have a deep understanding of the market. Of course, it's crucial to choose a broker or exchange that has a solid reputation and a proven track record of acting in the best interest of their clients. So, if you're considering a not-held order, do your due diligence and choose wisely.
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• Feb 18, 2022 · 3 years ago
  Not-held orders in the cryptocurrency market are a way for traders to let the broker or exchange take the wheel. It's like having a co-pilot who can make decisions on your behalf. This can be helpful when you're not able to actively manage your trades or when you want to benefit from the broker's expertise. However, it's important to understand the risks involved and choose a broker or exchange that has a good reputation. Remember, trust is key when it comes to not-held orders.
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• Feb 18, 2022 · 3 years ago
  A not-held order in the cryptocurrency market is an order type that allows the broker or exchange to exercise discretion in executing the trade. This means that the broker can choose the timing and price at which the order is executed, based on their assessment of market conditions. While this may seem like giving up control, it can be advantageous in certain situations. However, it's important to carefully consider the reputation and track record of the broker or exchange before placing a not-held order.
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• Feb 18, 2022 · 3 years ago
  Not-held orders in the cryptocurrency market are like giving the broker a blank check. It's like saying, 'Here's my order, you do whatever you think is best.' While this may sound scary, it can actually be a way to benefit from the broker's expertise and potentially get a better deal. Of course, it's crucial to choose a broker or exchange that has a solid reputation and a proven track record of acting in the best interest of their clients. So, if you're considering a not-held order, make sure to do your research and choose wisely.
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