Elliott Wave Extension 9 WavesHello guys :)
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Cyrpto
How to buy or sell Litecoin for Profit!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
5 Litecoin Order Types
Order Types
a) Market order
A market order is considered as a buying and selling order, which should be executed based on
the current market prices. Market orders are utilised when execution certainty is prioritised by
investors on the execution of price. Investor produces market orders by using brokerage service.
b) Stop order/loss
1. The investor places a market order for the selling of any LITECOIN at a certain price level
determined by the investor. This can enable the investors to limit the generation of loss in
their investments or a security. The stop-loss order also instructs the broker to buy the
security at a price defined by the investor.
2. For instance, if the investor buys the security at a price of $40, he may order the broker when
it price comes to $45, this can enable the investors to avoid of loss as a result of decreased
prices.
c) Limit order
A limit order determines a specified price level or even better prices to the broker, so as to buy or
sell the currency within the price limits specified. Lower prices limits are determined in a buy
limit order, which needs to be executed when the price gets lower. Conversely, higher price
limits are provided in a sell limit order. However, this does not provide a guaranteed order for
execution as the price limits are not defined, exactly.
d) Buy stop order
1. This order is used in buying a security when the prices increase as compared with the level of
current price offering. The order is triggered when the price of a Litecoin touches or goes
beyond the price limit provided in the order.
2. The order can be accomplished automatically and this can enable the investors to generate
profit when the prices go upward.
e) Using leverage to trade
Today, investors and different organisation use to advantage, in order to increase the returns on
their investment. A broker who handles the account of investors provides the loan to them in terms of Leverage.
Leverage is provided to the investor on the margin of his investment. If 100:1. Leverage
determines that investor has invested $1000, and then this means the amount he can trade values
$100,000. However, this can increase the investment risk, as a result of changes in litecoin
prices. If the price changes are 1% or lower than that the situation seems to be less risky, higher
price changes can lead the investor towards the huge risks.
Follow your trading plan, remained disciplined and keep learning :)
