How does the market order work in cryptocurrency trading?

1 answers

• Jan 07, 2022 · 3 years ago
  Market orders are great for traders who prioritize speed and convenience over price. They are commonly used when you want to enter or exit a position quickly, especially during periods of high market activity. However, it's worth mentioning that market orders may not be suitable for large trades or illiquid markets, as they can significantly impact the market price. If you're concerned about price fluctuations, you may want to consider using limit orders instead, which allow you to set a specific price at which you're willing to buy or sell your cryptocurrency. Overall, understanding how market orders work is essential for anyone looking to actively trade cryptocurrencies.
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