Instructions for contract orders
Market Order is an order where the trader can choose the number of leverage and the number of contracts to be purchased, but cannot set the price of the transaction. Its most important feature is that the order will be executed immediately, that is, at the latest market price or the best price in the market for the specified number of contracts (in the case of market depth can be met).
Market order is the extractor of market liquidity, market order and commission table limit pending order aggregation transaction, so the market order transaction price is based on the commission table pending order price and quantity, so its final transaction price has a certain degree of uncontrollability.
The advantage of market order is that when the market moment comes, you can quickly enter or exit; however, it is recommended that market order traders pay more attention to the depth of the market and price fluctuations, so as to avoid the average price of the final transaction deviates from the desired price.
A Limit Order is an order that allows the trader to choose the amount of leverage and the number of contracts to be purchased, and to set the price at which the order will be executed when the latest market price reaches the order price. The advantage of a limit order over a market order is that it provides certainty of the price at which the order will be filled.
Limit orders allow traders to enter and exit the market at better prices, for example, by setting a limit buy order below the latest market price or a limit sell order above the latest market price, which will be entered into the order form to allow deeper market depth, and traders can view all active orders in the "Current Orders" area at any time. When an order is executed, it will act as a liquidity provider for the market, and a 0.05% commission will be charged for the execution of a limit order.
A limit order can also be used as a market order: a limit buy order above the latest market price, or a limit sell order below the latest market price. Such orders will be treated as market orders and will be executed immediately at the best market price (capped at the preset transaction price) (with a 0.05% commission charged to liquidity withdrawers for the portion of the market depth that can be met).
Last modified 9mo ago