Help CenterALL IN spot trading offers three types of order methods:
Limit Order
Users can set a specific order price, and the order will be executed at that price or a better price.
Trigger Price: The user sets a price to open (or close) positions. The final price matches the set price, but execution may be slower. If there are no orders in the order book with a price equal or better than the limit price, the limit order will enter the order book and wait to be executed, increasing market depth.
Advantages: The exact price for buy/sell operations is more favorable, suitable for partial or full closure and take-profit limit orders, aligning with traders' preferences.
Disadvantages: There is no guarantee of execution, meaning that the order might not be fully bought or sold, and execution may be slow.
Market Order
Orders are executed at the latest market price without setting a specific price, allowing for quick execution.
Trigger Price: The latest market price is used to open (or close) positions, and the final execution price may differ from the trigger price, but execution is immediate.
Advantages: Ensures priority execution, guaranteeing that buy/sell operations are completed, making it ideal for traders who need to enter or exit the market quickly to capture trends.
Disadvantages: Prices may be less favorable if market prices are highly volatile.
Conditional Order
Orders are triggered only when pre-set conditions are met. Traders need to specify a trigger price as the activation condition for the order.
Trigger Price: The price set by the user to open (or close) positions at either market or limit prices. The final execution price may differ from the trigger price, but the order will be executed quickly.
Execution Price: Users can choose the latest market price or manually set a price. When the latest market price reaches the trigger price, the system will execute the order at the user's specified execution price and quantity.
Advantages: Provides better control over execution prices compared to market orders. The order will be immediately placed in the market at the latest market price or preset limit price when the trigger price is reached.
Disadvantages: Orders are activated only when the market reaches the trigger price, leading to a quick execution. However, if the market does not reach the trigger price, there is a risk of the order not being executed.