Are there any risks or limitations associated with placing a not-held order in the cryptocurrency market?

1 answers

• Prashant SinghDec 13, 2022 · 3 years ago
  At BYDFi, we understand the risks and limitations associated with placing a not-held order in the cryptocurrency market. While not-held orders can offer flexibility and convenience, they also come with certain considerations. One risk to be aware of is the potential for order slippage. This occurs when the execution price of your order differs from the expected price due to market conditions. It's important to monitor the market closely and set appropriate price limits to mitigate this risk. Additionally, liquidity can be a limitation when placing not-held orders. If the market is illiquid, it may be challenging to execute large orders without significantly impacting the price. It's essential to assess the liquidity of the cryptocurrency you're trading before placing a not-held order. Overall, it's crucial to weigh the potential risks and limitations against the benefits of placing a not-held order in the cryptocurrency market.
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