What is a Market Order?
let’s first place layout for Market definition. Metaphorically, market is a huge cup, filled with deals on a cryptocurrency exchange with different trade rate. Market order task scans this cup for the cheapest cryptocurrency bid, with a purpose to purchase coins at the lowest rate in a market cup. To better understand what is a market order, let’s say we have five deals in the market cup. Each one consists of ETH coin, set out for sale at a rate of 123, 125, 124.5, 122 and 121$. Market Order grabs the cheapest coin out of a cup, in this case, it would be 121 per ETH coin. There are two types of market order — trailing and classical, which means you can adjust the expected price of the coin.Was this helpful?
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Questions in this section
- Can I cancel my order?
- What happens with my order if there is external error (no response from exchange, delisting of coins, server error etc.)?
- Order’s status
- What is a Trailing sell?
- What is a Trailing buy?
- What is a Traling Take Profit?
- What is a Trailing Stop Loss?
- What is a Take Profit order?
- What is a Conditional order?
- What is a Stop Loss order?