Limit orders
Rather than having to continuously monitor prices, traders can set limit orders with an exchange. These are instructions to execute trades when a currency price hits a certain level.
Limit orders can be used for buying or selling.
· For buy orders, this is an instruction to buy a certain amount of currency at a limit price or lower
· For sell orders, the instruction is to sell at the limit price or higher
A strong feature of the Bit.Team exchange is that there is a high level of automation for orders set by users, including those using bot-to-bot trading.
Look out for further articles, where we will look at other trading terms, including order books, makers and takers, market orders and stop orders, using bots and others.
Interesting one admin. But can I ask, buying or investing in btt, does it have a limit?