There are different order types for different trading needs.
MARKET ORDER:
This order type is used to enter or exit the market immediately at the current quoted price. If you want to buy you will be filled at the asking price. If you want to sell you will be filled at the bid price.
LIMIT ORDER:
This order type is used to buy or sell a pair at a predetermined
price. A buy limit order will only be filled if the market trades (ask) at or below the limit price. A sell limit order will only be filled if the market trades (bid) at or above the limit price.
STOP ORDER:
This order type is used to buy or sell a pair at a predetermined price.
A buy stop order will only be filled if the market trades (ask) at or above the stop price. A sell stop order will only be filled if the market trades (bid)
CLICK THANKS IF IT HELPS YOU (From my lesson note).
MARKET ORDER:
This order type is used to enter or exit the market immediately at the current quoted price. If you want to buy you will be filled at the asking price. If you want to sell you will be filled at the bid price.
LIMIT ORDER:
This order type is used to buy or sell a pair at a predetermined
price. A buy limit order will only be filled if the market trades (ask) at or below the limit price. A sell limit order will only be filled if the market trades (bid) at or above the limit price.
STOP ORDER:
This order type is used to buy or sell a pair at a predetermined price.
A buy stop order will only be filled if the market trades (ask) at or above the stop price. A sell stop order will only be filled if the market trades (bid)
CLICK THANKS IF IT HELPS YOU (From my lesson note).
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Расширенный режим Обычный режим