Webeltime.com – Learn about the four types of buying and selling orders at Tokocrypto.To increase their bitcoin trading performance, traders can employ a variety of strategies.
One of them is being acquainted with numerous buy and sell orders, which will spare you from entering the trading interface on a regular basis.
Tokocrypto, one of the biggest exchanges in Indonesia, provides four types of buy and sell orders that are highly beneficial for both novice and experienced traders. What is the nature of this command?
Learn about the four types of buying and selling orders at Tokocrypto.
Learn about the four types of buying and selling orders at Tokocrypto. You can execute such an Order by specifying a price limit number. A transaction will take place only when the market price meets your price threshold, or even below.
Limit orders enable you to sell at a higher price or earn at a reduced cost. If you choose this option, your orders must be queued in the order book rather from being executed immediately like market orders.
How to Use the Limit Order Feature in Tokocrypto
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Before you can place an order with Tokocrypto, you must first register and create an account. Take the following steps next:
- Before proceeding to the exchange page to put a Sell or Buy limit order, select the cryptocurrency pair to trade.
- then navigate to the “Limit Order” section.
- Enter the desired price as well as the amount of coins to purchase or sell.
- You may also set the transaction part to a percentage of the entire amount possessed, such as 25%, 50%, 75%, or 100%.
- financial orders
If you want your crypto trades to be completed promptly, market orders are the ideal alternative. In contrast to limit orders, which are executed while waiting for the price to meet the queue, market order transactions are completed instantly based on the current market price.
These market orders are simple to use and soon become a menu favorite with traders, especially if the axiom “what matters can be ordered” is followed (though not at the best prices). Because of the rapid execution, you must charge market takers a commission.
Tokocrypto Market Orders: How to Use Theme
Market orders will be automatically executed. When you make a Sell Order, the price swings in the opposite direction of the order book’s lowest sell limit. Take the following actions:
- Sign in to your Tokocrypto account.
- Visit the exchange website and choose a cryptocurrency to purchase or sell.
- By clicking, select Sell or Buy from the “market price” menu.
- When the word “success” appears, the order has been placed. Menu of History
- You may view transaction history.
Request for OCO
An OCO order is one in which one cancels the other. You may use this option to place two orders at the same time. In this strategy, limit and stop-limit orders are combined, but only one order is executed.
Simply simply, an OCO order cancels an existing order. Remember that if you cancel one order, all following orders will be canceled as well.
Oco orders are one of the most basic forms of trading automation. You may utilize this functionality to place two orders automatically and indefinitely. The danger of loss is minimized while the possibility of profit is enhanced in this manner.
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How to Purchase Tokocrypto OCO
To make an OCO order, log in to your registered Tokocrypto account, pick “exchange” from the menu, and then select the currency you want to trade. then do the following actions:
- Choose “OCO” from the “Stop-limit order” drop-down menu.
- Put them in the desired sequence (Sell or buy). If you wish to learn more about OCO orders, click the question mark icon.
- A new transaction screen will appear after the order has been determined.
- On this page, you may enter limit orders and stop-limit orders as needed.
- After placing an OCO order, go to the “Open Order” area and set a price limit.
If you anticipate the price will rise, you may set profit taking points and stop limit orders at various levels as a safety net.
To make an OCO order, log in to your registered Tokocrypto account, pick “exchange” from the menu, and then select the currency you want to trade. then do the following actions:
- Choose “OCO” from the “Stop-limit order” drop-down menu.
- Put them in the desired sequence (Sell or buy). If you wish to learn more about OCO orders, click the question mark icon.
- A new transaction screen will appear after the order has been determined.
- On this page, you may enter limit orders and stop-limit orders as needed.
- After placing an OCO order, go to the “Open Order” area and set a price limit.
- If you anticipate the price will rise, you may set profit taking points and stop limit orders at various levels as a safety net.
- This increases the likelihood of the Limit Order being placed before the Stop Limit.
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How to Use the Stop Limit Order Feature in Tokocrypto
To make a stop limit, simply log in to a registered account, as you would for any other buy and sell orders on Tokocrypto. Here’s a more detailed guide:
Choose the Stop-Limit label, then enter the Stop Limit price and the amount of coins you want to sell.
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