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Understanding the concepts of cryptocurrencies, stock exchanges, market producers and restrictions on orders
The world of cryptocurrency trade has exploded in recent years and offers dealers a platform to buy, sell and manage resources such as Bitcoin, Ethereum and others. However, navigating in this complex market can be discouraging, especially for beginners. In this article we deal with the key concepts of cryptocurrencies, exchange, market producers, limitation of orders and a review of the cooperation.
cryptocurrency
Cryptocurrencies are digital or virtual currencies that use cryptography for security and decentralized books in the book (blockchain). They work regardless of central banks and governments so that users can send funds and carry out financial transactions without an intermediary. The best known cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Dogecoin (Doge).
Exchange
The stock exchange is a platform on which buyers and sellers exchange cryptocurrencies, goods or other financial assets. There are two main types of stock exchanges:
* Cryptocurrency replacement : With these platforms, users can buy and sell cryptocurrencies directly.
* Exchange of futures : These platforms offer futures contracts with which retailers can speculate about price movements in the future.
Market creators
The creator of the market is a company or a person who offers liquidity through the purchase and sale of assets at current market prices. They act as an intermediary between buyers and sellers and take a small commission from every trade that was created via their platform. Market creators are often used for the point trade, where they buy and sell the same assets at different prices.
Limit orders
Ordering a limits is instructions for a broker to create the trade when certain conditions are met, for example:
* If the price reaches or exceeds the target level : With this order, users can block profits by buying or selling assets when they reach a fixed price.
* Before a certain market state occurs
To give up an order for a limit, retailers usually use the online broker platform to determine the following details:
* Buy/sales type
: type of trade (buy or sell) and direction.
* Tire price : A specific price to which the order is created.
* Detailed loss (optional): A given amount under which the order can be canceled to limit potential losses.
Example: Buy bitcoins with a border order
Suppose you want to buy a Bitcoin (BTC) with a border order. You open the online broker platform and specify the following details:
* Buy/sales type : Buy
* tire price : USD 30,000
* Detailed loss : $ 25,000
When the BTC Prize reaches or exceeds $ 30,000, the order is carried out and you buy a Bitcoin for $ 30,000.
In summary, understanding of cryptocurrencies, stock exchanges, market producers and limits is required so that retailers can move in the complex world of cryptocurrency trade. By searching these concepts, retailers can make conscious decisions, effectively manage the risk and maximize their potential phrases from investments. Since the cryptocurrency market is constantly developing, it is important to be up to date with the latest successes and strategies in order to be successful in this exciting space.
