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

1 answers

• Dec 31, 2021 · 3 years ago
  In the world of digital currencies, limit orders and market orders are essential tools for traders. A limit order allows you to set a specific price at which you want to buy or sell a digital currency. This means that your order will only be executed if the market price reaches the price you set. On the other hand, a market order is executed immediately at the current market price. Market orders are useful when you want to buy or sell a digital currency quickly, without waiting for a specific price. However, keep in mind that market orders may result in a higher or lower execution price compared to a limit order. It's important to consider your trading goals and market conditions when deciding between limit orders and market orders.
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