Bitcoin Trading: Market Orders vs Pending Orders
Bitcoin Trade Market Order Placement Versus a Pending Crypto Order
Traders have access to a variety of order types for conducting btcusd cryptocurrency trades in BTC USD.
Most critical thing to remember about bitcoin trading orders is this: Always understand the orders you set when btcusd trading. Never place a bitcoin crypto order which you are not entirely knowledgeable about. Below are the some basic definitions and explanations of the commonly used crypto orders - types of crypto orders described:
Types of Bitcoin Crypto Orders
Market Execution Bitcoin Trade Order
This is the simplest kind of trade order. A Market Execution Order lets you buy or sell bitcoin at the current ask or bid price. This order uses the bitcoin quote shown on your trading platform.
This type of order - Market Execution Order - is used for buying or selling at the current price quote in Bitcoin Trading, the execution of this trade order is instant. The minute you want to enter a position you can buy and sell the at a click of a button using a bitcoin Market Execution Order - also known as a Market Order or Market Instant Execution Order.
Pending Crypto Orders
The iPad application for MT4 includes approximately 30 of the most commonly utilized MetaTrader 4 indices indicators for chart analysis on the device.
Pending Bitcoin Orders are used to buy or sell a crypto instrument when the crypto instrument attains a certain bitcoin price target.
A pending bitcoin order is executed once a specific bitcoin price level is reached or surpassed.
These Pending Bitcoin Orders are used to enter a btcusd crypto trade at a specified btcusd crypto price level. It's almost impossible to monitor the market every second and this is why a Pending Bitcoin Order can be useful when trading btcusd. If you feel the btcusd market might take a certain action, like break through a particular bitcoin crypto price level that it has been touching but it has not been able to break, you'd want to use an Entry Limit Order - Pending Bitcoin Order. Once the bitcoin market crosses your specified level, your entry limit cryptocurrency trade order is executed.
There are two kinds of Bitcoin orders that are waiting to be used: Entry Limit BTC/USD Crypto Order and Entry Stop Bitcoin Order.
These Pending BTC/USD Crypto Orders are also known as Entry Limit BTC/USD CryptoCurrency Orders or Entry Stop Bitcoin Orders.
Pending BTCUSD Order
An order either buying or selling at one price.
An Entry Limit Order - Pending Bitcoin Order lets you buy for less than the current bitcoin price or sell for more than the present bitcoin price.
When buying, entry limit order is executed when the bitcoin price falls to your limit level bitcoin price.
When selling, an entry limit order is executed when the bitcoin price increases to the set limit price.
These Entry Limit Order - Pending Bitcoin Orders are set by bitcoin traders when they expect the btcusd market to bounce back after reaching to the btcusd price level that the entry limit bitcoin trading order was placed.
- Buy Limit Order - Pending Bitcoin Crypto Currency OrderSpecifies to open a buy position at a level that is below the prevailing bitcoin crypto market price
- Sell Limit Order - Pending Bitcoin OrderSpecifies to open a sell trade at a level that is above the prevailing bitcoin market price
Entry Stop Crypto Order
An entry stop is an order to buy something at a price higher than what bitcoin costs right now, or to sell something at a price lower than what bitcoin costs right now.
When buying, entry stop order pending cryptocurrency trade order is executed as the btcusd market goes up and hits the buy stop level.
When selling, entry stop order pending cryptocurrency trade order is executed as the btcusd market goes down and hits the sell stop level.
- Buy Stop Order - Pending Bitcoin OrderSpecifies to open a buy position at a level that is above the prevailing market bitcoin price.
- Sell Stop Order - Pending Bitcoin Crypto Currency OrderSpecifies to open a sell trade at a level that is below the prevailing market bitcoin price.
Trading Bitcoin? Set Buy Stop and Sell Stop orders in MT4 to place pending trades right from the platform.
Interpret Market Execution Bitcoin Order vs Pending Bitcoin Order
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