“Cryptocurrency Trade Basic Things: Limits and Orders”
In the world of negotiations in the world, it is very important to understand the various types of commandments and boundaries and avoid potential losses. In this article we will look at the basics of cryptocurrency negotiations, including how to form a marginal order in encryption markets.
What are cryptocurrency orders?
Cryptocurrency orders are special instructions that traders use to carry out their negotiations. There are several types of orders, but we will focus on two ordinary: market order and limited order.
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Market order is the simplest order type. This is a purchase or sale order for any price on the current market. Market orders are usually executed at the best affordable price.
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Limit Order
, on the other hand, is a more specific order type. This is an order order that indicates a specific price you want to buy or sell cryptocurrency.
What is a marginal order?
The marginal order is a special type of order that allows for the definition of the price of negotiations before it is carried out. This is useful when you mean a specific strategy, such as buying a specific currency at a certain price.
To carry out the boundary order, follow the following steps:
- Set the price -riv : decide the price you want to buy or sell cryptocurrency.
- Choose your trading platform : Choose a respectable cryptocurrency bag that supports limited orders.
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Example: Order limit in cryptographic markets
For example, let’s say you want to buy a Bitcoin (BTC) for $ 50,000 and sell for $ 52,500. In this scenario you can place a marginal order indicating the price ($ 52,500).
Cryptocurrency markets include other types of orders used by merchants including:
* Consistent suspension orders : These orders automatically sell the property when it falls at a certain price.
* Take the Take offices : These orders automatically buy property when it reaches a certain price.
Understanding the types of cryptocurrencies and types of negotiations, such as limited request, you can make reasonable decisions and avoid potential losses.