5
The Centralized Exchange
In this chapter, I’m going to present how the centralized exchange (CEX) works and how to trade there, as well as discuss a tool that connects to these CEXs and allows you to trade with an easier-to-understand yet more advanced interface.
My goal for this chapter is for you to understand the types of orders you can issue on an exchange, how they behave there, and what actually happens when they get executed.
One of the main differences between good traders and bad ones is that good traders know in detail what they are doing and base their trades on a good analysis while bad traders trade emotionally, hoping the price will increase because of <insert any invalid reason here!>.
Here are the topics we’ll cover:
- The CEX ...
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