Cryptocurrency Q&A
What is the difference between limit and stop limit on Bitvavo?
What is the difference between limit and stop limit on Bitvavo?
HallyuHeroine
Sat Oct 12 2024
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7 answers
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I want to understand the distinction between limit and stop limit orders on the Bitvavo platform. I'm curious about how these two order types function and differ from each other in terms of their execution and use cases.
7 answers
VoyagerSoul
Mon Oct 14 2024
The significance of the limit price lies in its ability to protect traders from unexpected market movements that could result in unfavorable trades. By specifying a limit price, traders maintain control over the maximum or minimum price they are willing to transact at.
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DondaejiDelightful
Mon Oct 14 2024
Trading in cryptocurrencies often involves placing limit orders to ensure trades are executed at desired prices. This process begins when the last traded price of an asset reaches a predetermined trigger price.
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HanjiHandiwork
Mon Oct 14 2024
Upon reaching this trigger, a limit order is automatically placed. The limit price is the maximum amount you are willing to pay or the minimum amount you are willing to accept for the trade.
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Silvia
Sun Oct 13 2024
When using a stop limit order, traders set both a stop price and a limit price. The stop price is the point where the order becomes active, while the limit price is the maximum or minimum price the order can be filled at.
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Filippo
Sun Oct 13 2024
This type of order offers traders the benefit of combining the flexibility of a stop order with the price protection of a limit order. It allows traders to specify a price they want to exit or enter a trade at, while also setting a maximum or minimum price they are willing to accept.
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