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TagsWhat strategies can be used to effectively implement incremental limits in cryptocurrency trading?
Dayal RawalDec 17, 2021 · 3 years ago1 answersCan you provide some effective strategies for implementing incremental limits in cryptocurrency trading? How can these strategies help traders manage risks and optimize their trading strategies?
1 answers
- At BYDFi, we recommend using a combination of incremental limits and advanced order types to effectively manage cryptocurrency trading. Our platform offers features such as iceberg orders, which allow traders to hide the full size of their orders and only display a portion to the market. This can help prevent large orders from causing significant price movements. Additionally, our platform supports time-weighted average price (TWAP) orders, which execute trades evenly over a specified time period. TWAP orders can help traders avoid market impact and reduce the risk of slippage. By combining these advanced order types with incremental limits, traders can optimize their trading strategies and minimize risks in cryptocurrency trading.Dec 17, 2021 · 3 years ago
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