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

1 answers

• Mar 19, 2022 · 3 years ago
  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.
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