FMCPAY OFFICIALLY LAUNCH TRADE MARKET FEATURE

Trade Market helps users to trade more quickly without spending too much time watching the market, especially when the world is facing Russian-Ukraine war, inflation,… Understanding that problem, we hereby present the Trade Market to buy or sell assets instantly.

FMCPAY is currently updating the Market feature for the whole community, this feature only available in FMCPAY Exchange Application in both App Store and Google Play. The release of new features on the exchange has helped FMCPAY Exchange move in the right direction that active investors and communities have come to expect.

In a few months, FMCPAY has continuously achieved outstanding achievements by listing on CoinGecko and coming soon is Coinmaketcap. FMCPAY is thriving brilliantly with advanced technology and user-friendly features, it’s working hard in order to be deservedly The world’s most trusted platform for trading cryptocurrencies. This is regarded as the cornerstone of PAYN’s development.

What is the Trade Market?
Simply explained, a market order is a method to sell or buy a certain asset almost instantly, at the best market price available. We can (very roughly) compare it to booking a flight online. On the website of your favorite flight aggregator, you enter your optimal flight parameters. In a few seconds, the system returns the flights that meet your needs, highlighting the best option in terms of price. If you need to book a seat right now, you pay the price the aggregator sets. Within a minute, you receive your e-ticket.

Traders typically use market orders when they want to buy or sell an asset immediately, either to avoid missing a potentially profitable move or to cut their losses. Market orders guarantee that a trader will enter or exit a position as quickly as possible, but they do not guarantee a price. Market orders are best for very liquid, frequently traded assets such as large-cap stocks, exchange-traded funds (ETFs), or well-established cryptocurrencies, which are typically bought and sold either at or close to an investor’s desired price. In contrast, market orders for traded assets that aren’t bought or sold as often may take longer to fulfill, which means that the price at execution can be far from an investor’s desired price.

With that in mind, FMCPAY pursues a payment ecosystem for PAYN.

How a Market Order Works
A market order works in a similar way. You agree to sell your bitcoins (or whatever you deal with) for the price other market participants are ready to pay you right now. Depending on the current market mood, this price can be good or bad, but you accept it. Continuing our air travel analogy, you buy your ticket now because you need to fly tomorrow.

Some Useful Tips For Beginners
Here are some things to keep in mind when placing orders.

Avoid market orders if your asset has been very volatile lately. Otherwise, you may pay way more than expected.
Market orders are perfect for buying an asset with a high liquidity level.
When short of time, opt for a market order. If you are not in a rush, consider a limit order.
Market orders are also handy when you expect a big event that is likely to affect the price of your asset positively or negatively. Therefore, you have to buy (sell) this asset asap until its price skyrockets (plummets).
Before clicking Buy or Sell, double-check the numbers. For instance, if you shift the decimal to the right or left by accident, it will ruin the deal. Those not very good at math should use an online currency converter to copy-paste the correct numbers right into the order tab.
Note that your limit order may not execute even if the price reaches the mark you set. It happens when there are other orders for the same price, preceding yours. They will come first, and you will have to wait your turn. Probably, this turn will never come.
Market orders are almost impossible to cancel as they fill very fast.
Market orders normally mean higher fees than limit orders.

Pay a visit here: https://fmcpay.com/markets