Order In Crypto Market, Market Order & Limit Order In CryptoCurrency

in hive-150122 •  last year 
Asslam-0-Alikum
Greetings from me to all members.Hope all the members and fellows are fine and healthy.I am fine and good by the grace of Allah Almighty.Today's I am again here with new cryptocurrency post.

In this post I am going to share about orders in crypto market.I will explain order in crypto and also share some knowledge about the two major types of orders in crypto market.

Crypto Orders
In crypto market the orders refers to the process in which a trader give instructions to the exchange to buy and sell the crypto asset.Basically orders are the instructions for doing trading.

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When a trader strat trading in any crypto exchange then firstly the trader place an order which mean he give instructions to the exchange to buy these assets and until that time.

For example trader place an order of buying a steem coin and the exchange will buy steem for him and also trader place that order to sell it at any price above 1$.So this process is known as crypto order.

Market Order
The first type of crypto orders is the market order and in crypto market it refers to the instructions that has been given by the trader to sell or buy the crypto asset at it's current price.

This is basic type of crypto order and it's command of the market and traders using this order commonly in crypto market.In this type trader give instructions to buy or sell the crypto asset on current market position.

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Mostly trader use this type or order while buying or selling thier crypto assets.In this type the trader do not to specify the price of asset that he want to buy or sell in crypto market.

For example the steem price is $0.25 and the trader place an order to buy 4 steem which are totally $4 in cost.If the trader want to sell them immediately then he can sell on the same price if the price do not fluctuate.

Limit Order
The second type of crypto orders is limit order which refers to gave instructions to the exchange robots to buy or sell the crypto asset on specific price.In this type trader set the price limit.

When the assets reaches it's limit then according to the orders the exchange sell or buy the crypto assets for traders.Many time these orders can not be completed because the assets can not reach the specific price.

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There are many reasons of placing these orders like that sometime trader can not see the market everytime so he placed the limit order and according to the order when the asset reach the specific price then the order has been completed.

For example a trader place an order to sell the steems at $0.5 and off the crypto exchange app.When the steem reach the specific price then the exchange sell the steems.This process is known as limit order in crypto market.

Conclusion
In this post I have explained about orders in crypto market and then i have explained about two types of crypto orders.The first type is market order and second type is limit order.I hope this post will be very beneficial for all of us.

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      ·  last year 

    Upvoted! Thank you for supporting witness @jswit.

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        ·  last year 

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          ·  last year 

        Dear @azmat545 ,

        We appreciate your active participation and contributions to our community. To ensure a positive environment for all members, we have implemented a set of guidelines to maintain respectful and constructive discussions while upholding community guidelines.

        • Review:
          This is an interesting article on types of order in the market.

        The Images you used are not befitting for this content, you should have gotten images from cryptocurrency exchanges of the different types of orders.
        Please take note

        Now Engage, Connect, and Inspire Each Other to Reach New heights.

        Thank You.

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