Order Types

When trading futures, there are three order types:

  • Market Order

  • Limit Order

  • Stop Order

Market Order

A market order is an instruction to buy or sell an asset immediately at the current market price.

Use market orders to execute a trade quickly and are less concerned about the exact price.

Limit Order (available on Testnet)

A limit order allows you to specify the maximum price you are willing to pay when buying or the minimum price you are willing to accept when selling.

Use limit orders to set and control the price at which you enter or exit a position.

Stop Order (available on Testnet)

A stop order becomes a market order when the specified stop price is reached. It is used to limit losses or protect profits.

Use stop orders to automatically sell an asset if its price falls to a certain level, limiting potential losses.

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