What are the implications of 'market on close' for cryptocurrency traders?

3 answers

• Dec 17, 2021 · 3 years ago
  The 'market on close' (MOC) order type can have significant implications for cryptocurrency traders. When using MOC orders, traders can execute their trades at the closing price of the trading day. This can be beneficial for traders who want to take advantage of any price movements that occur during the day and want to ensure their trades are executed at the end of the trading session. However, it's important to note that the closing price can be subject to volatility and may not always be representative of the market price. Traders should carefully consider the potential risks and benefits before using MOC orders.
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• Dec 17, 2021 · 3 years ago
  Using the 'market on close' (MOC) order type in cryptocurrency trading can provide traders with a convenient way to execute their trades at the end of the trading day. By placing an MOC order, traders can avoid the need to constantly monitor the market and manually execute their trades. This can be particularly useful for traders who have other commitments or prefer a more hands-off approach to trading. However, it's important to be aware of the potential impact of MOC orders on market liquidity and price volatility. Traders should also consider the specific rules and limitations imposed by the exchange they are trading on.
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• Dec 17, 2021 · 3 years ago
  When it comes to the implications of 'market on close' (MOC) for cryptocurrency traders, BYDFi offers a unique perspective. As a digital asset exchange, BYDFi allows traders to use MOC orders to execute their trades at the closing price. This can be advantageous for traders who want to take advantage of price movements at the end of the trading day. However, it's important to note that the closing price can be influenced by various factors, including market conditions and trading volume. Traders should carefully evaluate the potential risks and benefits of using MOC orders on BYDFi or any other exchange before making their trading decisions.
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