What is a not held order in the context of cryptocurrency trading?

7 answers

• Dec 15, 2021 · 3 years ago
  A not held order in cryptocurrency trading refers to an order type where the trader authorizes the broker to use their discretion in executing the trade. Unlike other order types, a not held order allows the broker to make decisions regarding the timing and price of the trade. This can be advantageous for traders who trust the broker's expertise and want to take advantage of market opportunities. However, it also comes with risks as the trader relinquishes control over the execution of the trade. It is important for traders to understand the implications of using a not held order and carefully consider the reputation and track record of the broker before using this order type.
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• Dec 15, 2021 · 3 years ago
  In the context of cryptocurrency trading, a not held order is a type of order where the trader gives the broker the authority to execute the trade at their discretion. This means that the broker can choose the timing and price of the trade based on their judgment. The advantage of a not held order is that it allows the trader to benefit from the broker's expertise and potentially take advantage of market opportunities. However, it also means that the trader is giving up control over the execution of the trade, which can be risky. It is important for traders to carefully consider the pros and cons of using a not held order before making a decision.
  655219
• Dec 15, 2021 · 3 years ago
  A not held order in cryptocurrency trading is an order type where the trader authorizes a third party, such as BYDFi, to execute the trade at their discretion. This means that the trader is giving up control over the execution of the trade and allowing the third party to make decisions regarding the timing and price. The advantage of a not held order is that it allows the trader to benefit from the expertise of the third party and potentially take advantage of market opportunities. However, it also means that the trader is relying on the reputation and track record of the third party. It is important for traders to carefully research and choose a reputable third party before using a not held order.
  707177
• Dec 15, 2021 · 3 years ago
  A not held order in cryptocurrency trading is a type of order where the trader gives the broker the authority to execute the trade at their discretion. This means that the broker can choose the timing and price of the trade based on their judgment. The advantage of a not held order is that it allows the trader to benefit from the broker's expertise and potentially take advantage of market opportunities. However, it also means that the trader is giving up control over the execution of the trade, which can be risky. Traders should carefully consider the implications of using a not held order and ensure they trust the broker's judgment before using this order type.
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• Dec 15, 2021 · 3 years ago
  A not held order in cryptocurrency trading is an order type where the trader authorizes the broker to execute the trade at their discretion. This means that the broker has the freedom to choose the timing and price of the trade based on their judgment. The advantage of a not held order is that it allows the trader to benefit from the broker's expertise and potentially take advantage of market opportunities. However, it also means that the trader is giving up control over the execution of the trade, which can be risky. Traders should carefully consider the pros and cons of using a not held order and make an informed decision based on their risk tolerance and trust in the broker.
  686115
• Dec 15, 2021 · 3 years ago
  A not held order in cryptocurrency trading is an order type where the trader authorizes the broker to execute the trade at their discretion. This means that the broker has the authority to make decisions regarding the timing and price of the trade. The advantage of a not held order is that it allows the trader to benefit from the broker's expertise and potentially take advantage of market opportunities. However, it also means that the trader is giving up control over the execution of the trade, which can be risky. Traders should carefully consider their risk tolerance and the reputation of the broker before using a not held order.
  63892
• Dec 15, 2021 · 3 years ago
  A not held order in cryptocurrency trading is an order type where the trader gives the broker the authority to execute the trade at their discretion. This means that the broker can choose the timing and price of the trade based on their judgment. The advantage of a not held order is that it allows the trader to benefit from the broker's expertise and potentially take advantage of market opportunities. However, it also means that the trader is giving up control over the execution of the trade, which can be risky. Traders should carefully consider the implications of using a not held order and ensure they trust the broker's judgment before using this order type.
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