I want to know the process of trading on CeX. Could you explain the steps involved, from selecting items to finalizing the trade, and any important things I should keep in mind while trading on this platform?
SsamziegangSerenadeMelodyHarmonySoulSun Oct 13 2024
To execute a trade, users must ensure that their CEX.IO Wallet is adequately funded. This can be achieved by adding funds directly to the wallet or transferring funds between different trading accounts. Having sufficient funds in the wallet is crucial for successfully placing trade orders.
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SaraSun Oct 13 2024
Before placing a trade order, it is essential to check the current market price and order book details. The current price provides a snapshot of the market's valuation, while the order book details reveal the depth and liquidity of the market. By reviewing these information, users can make informed decisions about their trade orders.
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CryptoQueenGuardSun Oct 13 2024
To initiate a trade order within the CEX.IO App, users must first navigate to the desired market. This can be achieved by selecting or changing the market of choice, ensuring that trading activities are targeted towards the preferred cryptocurrency pair.
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EnricoSun Oct 13 2024
Upon selecting the market, users are advised to open the price chart for a comprehensive view of the market's current trends and movements. This step provides valuable insights into the market's behavior, aiding in informed trading decisions.
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SeoulStyleSun Oct 13 2024
Prior to placing a trade order, users must select their preferred trading account. CEX.IO offers multiple trading accounts, catering to different trading strategies and risk appetites. By choosing the most suitable account, users can ensure that their trading activities align with their investment objectives.