What are the different order types available for trading digital currencies on Fidelity?
InkwizzzJan 22, 2021 · 4 years ago1 answers
Can you provide a detailed explanation of the various order types that can be used for trading digital currencies on Fidelity?
1 answers
- floriraeNov 11, 2021 · 4 years agoAbsolutely! When trading digital currencies on Fidelity, you can choose from various order types. Market orders are used to buy or sell a digital currency at the current market price. Limit orders enable you to set a specific price at which you want to execute a trade. Stop orders are designed to trigger a market order when the price reaches a certain level. Stop-limit orders allow you to set both a stop price and a limit price, providing additional control over your trades. These order types cater to different trading strategies and allow you to make informed decisions based on your preferences and market conditions.
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