Cryptocurrency Q&A
What is the difference between AMO and GTT?
What is the difference between AMO and GTT?
KpopStarletShine
Fri Sep 20 2024
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6 answers
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Can you please explain to me the distinction between AMO and GTT in the context of cryptocurrency or financial transactions? I'm particularly interested in understanding how these two terms differ in their application and what implications they might have for traders and investors. Is AMO more focused on immediate execution, while GTT allows for more flexibility in timing? And how do they affect the overall strategy and risk management of a trader?
6 answers
BlockchainWizard
Sun Sep 22 2024
The Good Till Triggered (GTT) order system is a revolutionary feature in cryptocurrency trading. It enables traders to set up orders that are only sent to the exchange once specific price conditions are met. This eliminates the need for traders to manually place orders every day, saving them valuable time and energy.
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CryptoWizard
Sat Sep 21 2024
BTCC, a top cryptocurrency exchange, offers a wide range of services to traders, including spot and futures trading, as well as a secure wallet service. With its advanced trading platform and user-friendly interface, BTCC makes it easy for traders to place GTT and AMO orders and execute their trading strategies.
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Starlight
Sat Sep 21 2024
With GTT orders, traders can specify the exact price or price range they are willing to buy or sell their cryptocurrencies at. Once the market price reaches the specified level, the order is automatically triggered and sent to the exchange for execution.
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Maria
Sat Sep 21 2024
The GTT order system is particularly useful for traders who are busy or unable to monitor the market continuously. By setting up GTT orders, they can ensure that their trades are executed at the desired price, even when they are not actively participating in the market.
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Carlo
Sat Sep 21 2024
Another useful feature in cryptocurrency trading is the AMO (After Market Order). AMO orders allow traders to place buy or sell orders after regular market hours, giving them more flexibility in their trading strategies.
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