How to trade on TRADEX

Cryptocurrency trading is a transaction on an exchange to buy and/or sell digital assets in the hope of making a profit. To execute a trade, you need to fill an order - in fact, this means placing an order to buy/sell cryptocurrency. You specify the amount of crypto assets you want to buy or sell, and its value in the case of a limit order. Execution of the order on a crypto exchange is immediate with instant and simultaneous transfer of digital assets.

The TRADEX crypto exchange toolkit allows you to use two variants of order execution in trading - market and limit orders.

A market order is an instruction to the exchange to buy or sell digital assets right now at the current market price. This is the simplest way of trading that guarantees the speed of the transaction at the current price of the asset on the cryptocurrency exchange.

A limit order is an instruction to buy a digital asset at a price set by the exchange client (limit price). As soon as the value of the crypto asset reaches the limit price, the order will be executed automatically. Typically, limit orders are used to buy a token at a price below the market price and sell it above the market price.

The main difference between market and limit orders is the time for execution. If market orders are executed instantly, a deal on a limit order may take some time.

The client should keep in mind the high volatility and speculative nature of the cryptocurrency market and evaluate his opportunities and risks sensibly. A beginner on the cryptocurrency market should make himself familiar with the basic concepts and principles of cryptocurrency exchanges, as well as the tools and capabilities of the TRADEX trading platform before trading. This will help make your first steps into the world of cryptocurrencies as safe and economically viable as possible.