What is the meaning of working order in the context of cryptocurrency trading?

1 answers

• CoderChampMay 13, 2023 · 2 years ago
  Working orders are an essential tool in cryptocurrency trading. They allow traders to set their desired buying or selling price and let the market come to them. This can be particularly useful in volatile markets where prices can change rapidly. By using working orders, traders can avoid emotional decision-making and stick to their predetermined trading strategies. It's important to note that working orders are not guaranteed to be executed. If the market does not reach the specified price, the order may remain open indefinitely. Traders should always consider market conditions and liquidity when placing working orders to ensure the best chance of execution.
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