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TagsWhat is the difference between a limit order and a stop order in cryptocurrency trading?
mr_goofy1669Jan 15, 2022 · 3 years ago1 answersCan you explain the distinction between a limit order and a stop order when it comes to trading cryptocurrencies? How do these two types of orders work and what are their main differences? I would appreciate it if you could provide some examples to illustrate their applications in cryptocurrency trading.
1 answers
- In summary, the main difference between a limit order and a stop order in cryptocurrency trading is that a limit order allows you to set a specific price at which you want to buy or sell a cryptocurrency, while a stop order is used to limit losses or protect profits by triggering a buy or sell order when the market price reaches or goes beyond a specific price. Both types of orders have their own advantages and are commonly used by traders in different trading strategies.Jan 15, 2022 · 3 years ago
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