Market Price Vs Limit Price - page 2.

Apened

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Quote from: Kongxx on November 06, 2019, 12:34:27 AM

Do you prefer to use limit price or market price when doing crypto trading? What are the pros and cons?

It really depends in case scenarios if i think that the train or the coin is about to pump i will use market price - this is used for a quick buying order to be executed.
In another trade that i am doing is mostly a limit price where i am waiting for a certain price to reach or it for that price to trigger my order.
Learn how to use it effectively and take advantage over that market and limit setups.

NathanJB

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Quote from: Kongxx on November 06, 2019, 12:34:27 AM

Do you prefer to use limit price or market price when doing crypto trading? What are the pros and cons?

If you use the market price, you are like plainly converting your coins, the thing that you do with conversion or remittance and payment apps. The price is pre-determined and you only have to swipe and your coins are converted into whatever fiat or other coins you choose. In an exchange platform, people are usually choosing their own price. It is based on the current buy and sell prices and the movement of the spread and prices. You are hardly a trader if you are using the market price in your orders.

iamaruf

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Vave.com - Crypto Casino

I always use limit price. Because i want to put my sell orders my own prices. I saw one user told that market price and limit price is same.how? Market price is the price that buyers want to buy (price).In limit you can put your own price.like you can put 1ETH selling for 1BTC.if you guys things that both are same then please explain it to me.
I think market price and limit prices are different.sometimes i use market price when i am in hurry to sell my coins.

mk4

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If you're a day trader, of course you use limit orders. With day trading whereas you're trading the very small price swings, you definitely want to buy at your target prices. With market orders, you could potentially buy/sell in at bad prices, especially when liquidity is low. In a long term trading perspective though, market orders should be fine if you want to get your funds out as soon as possible.

MURONDI

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Quote from: Kongxx on November 06, 2019, 12:34:27 AM

Do you prefer to use limit price or market price when doing crypto trading? What are the pros and cons?

depending on the situation and conditions, sometimes using a price limit sometimes using a market price, when in a hurry I will use market prices, but when I have time to relax sometimes use market limits.

kanayaTabitha

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Quote from: Kongxx on November 06, 2019, 12:34:27 AM

Do you prefer to use limit price or market price when doing crypto trading? What are the pros and cons?

I always use limit price since i've already decide when i want to buy and when i want to sell before i entered a trade. And also sometimes at most exchanges market price fee is higher than limit price fee.
So i think we can save some fee when we order with limit price, we just need to more patient to get our order got by the buyers or the sellers, the fee difference is not much but if we did 1000 trades it will be decent amounts.

adaseb

legendary

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Market or limit orders are the same in cryptos as they are everywhere else.

When you are a maker, you usually have lower fees or you get paid a fee. When you are a taker you have a higher fee generally.

If you are day trading then using limit orders will make you save lots on fees. However sometimes taker fees are unavoidable such as during a stop market order.

With stocks it's similar, besides the commission your broker charges you are charged exchange fees when you remove liquidity and on some exchanges get a premium when adding liquidity.

If you are in a rush, just use a market order. If you can wait then do a limit order.

Kongxx

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Do you prefer to use limit price or market price when doing crypto trading? What are the pros and cons?

Topic: Market Price Vs Limit Price - page 2. (Read 295 times)