Topic: Trading on Gox (Read 602 times)
Thanks
With a limit order, you will always get at least the price you set (for sales) and you will buy for at most the value you that you set.
Possibly. There's two types; market order and limit order.
This is what the website says.
To Sell Bitcoin, select Sell
You have two options: Limit Order or Market Order.
Limit Order: You determine the local currency to Bitcoin price at which you want sell your Bitcoin. If your sale of Bitcoin in local currency is matched by a corresponding buy order, local currency funds will be transmitted to your account. For example if you want to receive JPY 100 at a price of 50JPY: 1BTC you will have to sell 2 Bitcoin.
Market Order: the rate at which you receive JPY in exchange for Bitcoin is determined by the current market price. So if the current market rate is 50 JPY/BTC and you would like to get JPY 100 in return then you need to sell 2 Bitcoin.
Neither seem to suggest that the price you see will be the price you get.
Can anyone help?
This is what the website says.
To Sell Bitcoin, select Sell
You have two options: Limit Order or Market Order.
Limit Order: You determine the local currency to Bitcoin price at which you want sell your Bitcoin. If your sale of Bitcoin in local currency is matched by a corresponding buy order, local currency funds will be transmitted to your account. For example if you want to receive JPY 100 at a price of 50JPY: 1BTC you will have to sell 2 Bitcoin.
Market Order: the rate at which you receive JPY in exchange for Bitcoin is determined by the current market price. So if the current market rate is 50 JPY/BTC and you would like to get JPY 100 in return then you need to sell 2 Bitcoin.
Neither seem to suggest that the price you see will be the price you get.
Can anyone help?
I wouldnt trust any automated trading on gox. But a market order would mean current market price, which fluctuates, correct?
Hi all
I've a problem when trading on mt gox. I need to know for what price Im buying and selling obviously. However, when I place market orders the price I get isn't always the price I see and this is misleading and has led to some bad trades. I need to know if I want to sell at £415, for example that all the coins will be sold at that price. However when I sell 1 coin might be sold for £415 and then the next for £400 ect. Is there a way to make trading more accurate?
Thanks
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