How do limit and market orders work in the world of digital currencies?

Can you explain how limit and market orders function in the context of digital currencies? What are the differences between these two types of orders and how do they impact trading?

1 answers
- Limit and market orders are essential tools for trading digital currencies. A limit order allows traders to set a specific price at which they want to buy or sell a digital currency. This can be useful for traders who have a target price in mind and want to wait for the market to reach that price. On the other hand, a market order is executed immediately at the best available price in the market. This is useful for traders who want to enter or exit a position quickly, without waiting for a specific price. It's important for traders to understand the differences between these two types of orders and choose the one that best suits their trading strategy and goals.
Mar 19, 2022 · 3 years ago
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