Why is it important to understand the meaning of 'not held' in cryptocurrency trading?

3 answers

• Dec 15, 2021 · 3 years ago
  Understanding the meaning of 'not held' in cryptocurrency trading is crucial because it refers to a specific type of order execution. When an order is marked as 'not held', it means that the broker or exchange is not responsible for executing the order immediately. Instead, they have the discretion to execute the order at a later time when market conditions are more favorable. This can have implications for traders, as it may result in delayed execution or missed trading opportunities. It is important for traders to be aware of this distinction and understand the potential impact on their trading strategies and outcomes.
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• Dec 15, 2021 · 3 years ago
  Knowing the meaning of 'not held' in cryptocurrency trading is like understanding the difference between a fast food drive-thru and a sit-down restaurant. When you place an order at a drive-thru, you expect to get your food quickly, but at a sit-down restaurant, you understand that it may take some time for your order to be prepared and served. Similarly, when you place a 'not held' order in cryptocurrency trading, you should be aware that the execution may not be immediate. This knowledge allows you to adjust your expectations and make informed decisions about your trading strategy.
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• Dec 15, 2021 · 3 years ago
  As an expert in the field, I can tell you that understanding the meaning of 'not held' in cryptocurrency trading is of utmost importance. At BYDFi, we prioritize educating our users about the intricacies of trading, and 'not held' orders are no exception. When you place a 'not held' order, you are giving the exchange the flexibility to execute the order at a more opportune time, which can be advantageous in volatile markets. However, it's essential to note that this flexibility also means that the execution may be delayed, so it's crucial to consider your trading goals and risk tolerance before opting for a 'not held' order. Our platform provides clear explanations and options for order types, ensuring our users have the knowledge they need to make informed trading decisions.
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