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#OrderTypes101 A limit order allows you to set your own buy or sell price. For example, BTC is currently $70,000 but you want to buy at $68,000—just place a limit order and wait for the price to drop.
What's the advantage? You can control the price and not rush into the market. But keep in mind, the order will only be executed if the market price touches the price you specified.
A limit order is suitable for patient traders who want price efficiency, especially during high volatility.
#LimitOrder #BinanceIndonesia
What's the advantage? You can control the price and not rush into the market. But keep in mind, the order will only be executed if the market price touches the price you specified.
A limit order is suitable for patient traders who want price efficiency, especially during high volatility.
#LimitOrder #BinanceIndonesia
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#CEXvsDEX101 Centralized Exchange (CEX) such as Binance is a trading platform operated by a company, providing security, high liquidity, and a user-friendly interface. You need KYC and your assets are stored on the platform.
On the other hand, Decentralized Exchange (DEX) like Uniswap allows direct trading between wallets without intermediaries. You have full control over your assets and your private key.
CEX is suitable for beginners and active trading, while DEX is preferred by users who prioritize privacy and decentralization.
Choose according to your needs and risk profile. Or, strategically leverage both!
#cryptoeducation #Binance
On the other hand, Decentralized Exchange (DEX) like Uniswap allows direct trading between wallets without intermediaries. You have full control over your assets and your private key.
CEX is suitable for beginners and active trading, while DEX is preferred by users who prioritize privacy and decentralization.
Choose according to your needs and risk profile. Or, strategically leverage both!
#cryptoeducation #Binance
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Margin trading allows you to trade with borrowed funds, also known as leverage. For example, with a capital of $100 and 5x leverage, you can open a position worth $500. The potential profit becomes larger—but the risk also increases!
If the market moves against your position, losses can occur more quickly. Therefore, margin trading is more suitable for traders who understand technical analysis and risk management.
Binance offers cross and isolated margin features for greater risk control flexibility.
Use wisely, as leverage can be a double-edged sword.
If the market moves against your position, losses can occur more quickly. Therefore, margin trading is more suitable for traders who understand technical analysis and risk management.
Binance offers cross and isolated margin features for greater risk control flexibility.
Use wisely, as leverage can be a double-edged sword.
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