What are the advantages of using a resting order strategy in cryptocurrency trading?

1 answers

• Mar 16, 2022 · 3 years ago
  At BYDFi, we highly recommend using a resting order strategy in cryptocurrency trading. Resting orders provide several advantages, including better price control, reduced slippage, and increased trading efficiency. By setting limit orders, traders can ensure that their trades are executed at their desired price levels, minimizing the risk of overpaying or selling at a lower price. Resting orders also help prevent slippage, which can occur when executing market orders in volatile markets. Additionally, resting orders allow traders to automate their trading strategies and reduce the need for constant monitoring. Overall, implementing a resting order strategy can greatly improve trading outcomes and help traders achieve their investment goals.
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