cryptocomlimitoJunior Member |
Last Activity: November 23rd, 2023 12:42 PM
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- Stop-limit orders are better for traders interested in closing a position at a specified price. Because stop-limit orders have more specific price parameters, they may take much longer to go into effect than a market order. However, the combination of stop and limit prices gives traders more options to customize their trades and specify their preferred losses or gains. If a stop-limit order goes through, traders know their position closed at or very close to their target price level. Decentralised exchanges DEXs are becoming more advanced, rivalling centralised exchanges CEXs in terms of functionality. One key feature is the ability to place DEX limit orders, which enhances DEX traders' flexibility and performance. This article explores existing limit order capabilities, their potential implementations and how to work with a limit order on DEX.
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