What does the term 'off quotes' mean in the context of cryptocurrency trading on MT4?
Hays MelgaardDec 26, 2021 · 3 years ago5 answers
Can you explain the meaning of the term 'off quotes' in the context of cryptocurrency trading on MT4?
5 answers
- Dec 26, 2021 · 3 years agoIn cryptocurrency trading on MT4, the term 'off quotes' refers to a situation where the platform is unable to provide a quote for a particular cryptocurrency pair. This can happen due to various reasons such as low liquidity, high volatility, or technical issues. When 'off quotes' occurs, it means that the platform is temporarily unable to execute trades for that specific pair.
- Dec 26, 2021 · 3 years agoWhen you see 'off quotes' in cryptocurrency trading on MT4, it basically means that you can't place an order for that particular cryptocurrency pair at that moment. It's like the platform saying, 'Sorry, I can't give you a price for this pair right now.' This can happen when the market is too volatile or when there are technical issues with the platform.
- Dec 26, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, explains that 'off quotes' in the context of cryptocurrency trading on MT4 occurs when there is a temporary disruption in the price quoting process. This can happen due to various factors such as network congestion, data feed issues, or high trading volumes. It's important to note that 'off quotes' is a common occurrence in fast-paced markets and traders should be aware of its implications.
- Dec 26, 2021 · 3 years agoWhen you encounter 'off quotes' in cryptocurrency trading on MT4, it means that the platform is currently unable to provide a quote for the selected cryptocurrency pair. This can happen when there is a sudden surge in trading activity or when the platform experiences technical difficulties. It's important to be patient and wait for the platform to resolve the issue before placing any trades.
- Dec 26, 2021 · 3 years agoThe term 'off quotes' in cryptocurrency trading on MT4 refers to a situation where the platform is unable to provide real-time quotes for a specific cryptocurrency pair. This can occur due to various reasons such as network congestion, server overload, or data feed issues. Traders should be aware that 'off quotes' can temporarily affect their ability to execute trades for that particular pair.
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