Not sure if you’ve heard or not, but the crypto market has been struggling for quite some time now. After what seemed like a seamless term in the higher alt coin arena, an entire year has passed and all the traders and investors that have taken such big risks are left feeling empty.
The bear market is no laughing matter for anyone who continues to hold onto this volatile asset class hoping to turn it around before it is too late. Although there are a ton of aspects of the market to analyze, regaining dominance could be easier than one may think.
With that being said, it is important to distinguish between buying and selling as well as open and advance orders. You are buying or selling based on the price you want to pay or receive, while it is open or advance orders you should be realizing when entering the market.
While buying orders are intended to increase the available supply of coins, advanced orders are placed to increase the demand for a certain asset’s price. These types of orders can be traded like other assets and can either push the price up or down.
Open orders are actually not an issue since they are still trading at a premium when compared to their eventual price. For being such a simple concept, there is still a ton of confusion about how advanced and open orders work in this market.
In fact, the difference between the two is even more significant when examining the distinction between full-price orders and market orders. Open orders are actually not an issue since they are still trading at a premium when compared to their eventual price.
For being such a simple concept, there is still a ton of confusion about how advanced and open orders work in this market. In fact, the difference between the two is even more significant when examining the distinction between full-price orders and market orders.
What does crypto trading have to do with advanced or open orders? In order for open or advanced orders to work, traders must determine the price they want to pay or receive.
Unlike the normal order that is placed on an asset with a sell or buy price, a market order is done by filling the entire order quantity at whatever price is available on the exchange. This type of order works like a barbell that pushes up the entire cryptocurrency market.
Wrap Up
If you are a trader who has held onto this asset class for way too long, it is about time you took some time for reflection and learned from the past year.
With such a bearish market, it is crucial that you take the time to learn how to trade this volatile asset class. Furthermore, you must understand each and every aspect of this market that could alter its status one day.
