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How can I use AON orders in cryptocurrency trading?

avatarSlamDunkDec 17, 2021 · 3 years ago3 answers

Can you explain how AON orders work in cryptocurrency trading? What are the benefits of using AON orders?

How can I use AON orders in cryptocurrency trading?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! AON stands for 'All or None' orders. When you place an AON order in cryptocurrency trading, it means that the entire order must be filled in its entirety or not at all. This type of order is useful when you want to ensure that you either buy or sell the full amount of a specific cryptocurrency. It helps to avoid partial fills and allows you to execute your trading strategy more effectively.
  • avatarDec 17, 2021 · 3 years ago
    AON orders can be particularly beneficial in volatile cryptocurrency markets. By using AON orders, you can minimize the risk of getting only a partial fill on your order, especially during times of high market volatility. This can help you avoid potential losses and ensure that your trading strategy is executed as planned.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we also offer AON orders to our users. AON orders provide an additional layer of control and flexibility in cryptocurrency trading. They allow you to set specific conditions for your trades and ensure that your orders are executed according to your preferences. Whether you're a beginner or an experienced trader, AON orders can be a valuable tool in your trading arsenal.