π Orders are a tool to automate buying and selling cryptocurrencies as much as possible according to trader's trading strategy.
π‘ Let's imagine that trader A wants to buy ETH, but he is not satisfied with the current price. In this case, the trader can set an order to buy ETH at a price he is happy with and the order will be triggered as soon as the price reaches the appropriate level.
βΊ Why do we need orders on cryptocurrencies?
1οΈβ£ Increase income and minimize risk. A trader can set the optimal price to buy and sell assets, and the order will be triggered as soon as the price reaches the set mark.
2οΈβ£ Trading Automation. Orders allow traders to buy and sell cryptocurrency at any time, even when they are not in front of a computer. They can set orders from their mobile devices and not have to follow the market all the time.
π΅ On S-Trade crypto exchange you can buy and sell cryptocurrency using Limit, Market, Stop-Limit, and OCO orders which will help you to automate your trading and minimize your losses.