What is the concept of 'fill or kill' in cryptocurrency trading?
Mohammed abdDec 27, 2021 · 3 years ago3 answers
Can you explain the concept of 'fill or kill' in cryptocurrency trading? How does it work and what are its implications?
3 answers
- Dec 27, 2021 · 3 years agoFill or kill is a trading strategy used in cryptocurrency trading. It refers to an order that must be executed immediately and in its entirety, or it will be canceled. This means that if the order cannot be filled completely, it will not be partially filled and will be canceled instead. The purpose of this strategy is to ensure that the trader either gets the desired amount of cryptocurrency at the desired price or doesn't get any at all. It helps to minimize the risk of partial fills and allows traders to quickly move on to other opportunities.
- Dec 27, 2021 · 3 years agoFill or kill is a term commonly used in cryptocurrency trading. It means that if you place an order with the 'fill or kill' condition, the exchange will try to fill the entire order immediately. If it cannot fill the order completely, it will cancel the remaining portion. This strategy is often used by traders who want to ensure that their orders are executed quickly and fully. It can be particularly useful in volatile markets where prices can change rapidly. By using 'fill or kill', traders can avoid the risk of having their orders partially filled and missing out on potential profits.
- Dec 27, 2021 · 3 years agoFill or kill is a concept that is widely used in cryptocurrency trading. When you place a 'fill or kill' order, you are essentially saying that you want the entire order to be executed immediately or not at all. This strategy is useful for traders who want to ensure that they get the full amount of cryptocurrency they are looking to buy or sell. It can be especially beneficial in situations where there is high demand for a particular cryptocurrency and you want to make sure you don't miss out on the opportunity to buy or sell at a specific price. However, it's important to note that not all exchanges support the 'fill or kill' order type, so you should check with your exchange before using this strategy.
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