What is the meaning of 'fat finger' in the context of cryptocurrency trading?
itachi_zhmDec 26, 2021 · 3 years ago3 answers
In the context of cryptocurrency trading, what does the term 'fat finger' mean?
3 answers
- Dec 26, 2021 · 3 years agoIn cryptocurrency trading, 'fat finger' refers to a situation where a trader accidentally enters an incorrect order due to a typing error or a misplaced decimal point. This can lead to unintended consequences such as buying or selling a large amount of cryptocurrency at an incorrect price. Traders need to be cautious and double-check their orders to avoid fat finger mistakes.
- Dec 26, 2021 · 3 years agoFat finger in cryptocurrency trading means making a mistake while entering an order. It can happen when a trader presses the wrong key or enters the wrong quantity or price. This can result in significant losses or gains depending on the direction of the error. Traders should always be careful and review their orders before submitting them to avoid fat finger errors.
- Dec 26, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, explains that 'fat finger' is a term used to describe an accidental input error made by a trader when placing an order. This can happen due to human error, such as pressing the wrong key or entering the wrong quantity. Fat finger errors can have significant consequences in cryptocurrency trading, so it's important for traders to be vigilant and take precautions to avoid such mistakes.
Related Tags
Hot Questions
- 92
How can I minimize my tax liability when dealing with cryptocurrencies?
- 90
What is the future of blockchain technology?
- 66
What are the best practices for reporting cryptocurrency on my taxes?
- 58
How can I buy Bitcoin with a credit card?
- 43
Are there any special tax rules for crypto investors?
- 28
What are the tax implications of using cryptocurrency?
- 25
How can I protect my digital assets from hackers?
- 3
What are the best digital currencies to invest in right now?