Are there any strategies to avoid having a market order not filled on a cryptocurrency exchange?

3 answers

• Dec 26, 2021 · 3 years ago
  One strategy to avoid having a market order not filled on a cryptocurrency exchange is to set a limit order instead. By setting a specific price at which you are willing to buy or sell, you can ensure that your order will be executed at that price or better. This can help prevent your order from being left unfilled due to sudden price fluctuations. Another strategy is to use a reputable and high-volume exchange. These exchanges typically have more liquidity and a larger number of participants, increasing the chances of your market order being filled quickly. Additionally, it's important to check the order book and trading volume of the exchange before placing your market order to ensure there is sufficient liquidity to fill your order. Lastly, it's advisable to avoid placing market orders during periods of high volatility or low liquidity. During these times, the spread between buy and sell orders can widen, making it more difficult for your market order to be filled at a desirable price. By waiting for more stable market conditions, you can increase the likelihood of your market order being filled successfully.
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• Dec 26, 2021 · 3 years ago
  To avoid the frustration of a market order not being filled on a cryptocurrency exchange, consider using a stop-limit order instead. This type of order allows you to set a stop price and a limit price. When the stop price is reached, the order is triggered and becomes a limit order. This can help you avoid buying or selling at unfavorable prices and increase the chances of your order being filled. Another strategy is to use advanced trading features offered by some exchanges, such as iceberg orders or fill-or-kill orders. These types of orders allow you to specify additional conditions for your order to be executed, increasing the control you have over the execution of your market order. It's also worth noting that some exchanges offer order types specifically designed to prevent market orders from not being filled, such as immediate-or-cancel orders or market-if-touched orders. These order types provide more flexibility and can be useful in certain trading scenarios.
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• Dec 26, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, one effective strategy to avoid having a market order not filled is to use their Smart Order Routing (SOR) technology. SOR automatically routes your order to different liquidity pools and exchanges, ensuring that your order has the best chance of being filled at the desired price. This technology helps to overcome the issue of fragmented liquidity across different exchanges and can significantly improve the execution of your market orders. In addition to SOR, BYDFi also recommends setting realistic price targets and using limit orders instead of market orders. By setting specific price levels at which you are willing to buy or sell, you can increase the chances of your order being filled. It's also important to monitor the market conditions and adjust your orders accordingly to adapt to changing price movements. Please note that while BYDFi provides these strategies, it's always recommended to do your own research and consider your own risk tolerance before making any trading decisions.
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