Algorithmic orders are automated instructions for trading that execute trades based on predefined conditions and parameters that can be set and adjusted by users prior to starting an order.Over 50 trading pairs are supported on the Binance OTC Trading Platform. Find out other benefits of using our platform.
Algorithmic, or algo, orders can be designed to analyze price action and execute trades within specific parameters. They can potentially minimize market impact, reduce the risk of slippage, and secure more favorable execution prices. Algo orders can break large orders into smaller orders faster than traders can do manually. Smaller orders are also less likely to disrupt the market, reducing the risk of price volatility and liquidity.
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