If you trading calculator to make a crypto purchase or sell at a price you are comfortable with without having to constantly monitor prices, then you need to use limit orders. This type of order allows traders to pre-determine the rate at which they are willing to buy or sell their chosen coin, and it remains active only till it’s executed or cancelled. Unlike market orders, a limit order has no time-limit and is accepted only if there is an interested seller or buyer at the determined rate.

Limit orders are perfect for long-term investors, who can outline their strategies and set their preferred pricing levels for each trade before committing to it. This removes emotion from trading, reducing the risk of making impulsive decisions and chasing losses. For example, let’s say Jim wants to buy some DOGE but has been worried about the price going too high. He can place a buy limit order at the price he’s comfortable paying, and it will only execute when DOGE hits that level or below.

Understanding Limit Orders and How to Calculate Them

You can even combine a buy and sell limit order to create a bracket order, which is valid until one or the other of the orders are fulfilled. A buy stop limit order, for example, is an excellent way to join a rally, while a sell limit order can help you avoid losses during a price drop.

You can now use limit orders for any token supported by the Uniswap platform, with zero gas cost. Get started today and swap smarter.

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