How does a limit order work when buying and selling digital currencies?

1 answers

• GuillermoJun 22, 2021 · 4 years ago
  As an expert in the digital currency trading industry, I can tell you that a limit order is a powerful tool for traders. It allows you to set a specific price at which you want to buy or sell a digital currency, giving you more control over your trades. When you place a limit order, it will only be executed if the market price reaches or exceeds your specified price. This means that you can avoid buying or selling at unfavorable prices and potentially save money. However, it's important to note that there is no guarantee that your limit order will be filled, as it depends on market conditions. It's always a good idea to monitor the market and adjust your limit orders accordingly to increase the chances of execution.
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