1) Limit Orders:
A limit order is used to Long Buy or Short Sell contracts at a specified price. With Limit Orders, you can choose when to trigger the order.
· Good Till Cancelled (GTC): The order remains in effect until executed or canceled.
· Immediate or Cancel (IOC): The remaining portions are canceled.
· Fill or Kill (FOK): The order is to be executed in its entirety as soon as it is placed. If not so executed, the order is to be canceled.
2) Market Orders:
A market order is an order to be executed immediately at current market prices. When the orders in the opposite direction are insufficient, those unexecuted orders will be canceled. When there is no order in the opposite direction, the order cannot be placed.
3) Stop-Limit Orders:
You can place a stop limit order in advance and the Stop price. It will be placed when the price hits the specified number. Execution Time and Trigger Time can also be set in advance. Settings for Execution Time for both Stop-Limit and Limit-Order are the same. Settings for Trigger Time are as follows:
· Last Price (By default): The order is to be triggered when the Last Price hits the Stop price.
· Mark Price: The order is to be triggered when the Market Price hits the Stop price.
· Index Price: The order is to be triggered when the Index Price hits the Stop price.
4) Stop-Market Orders
The order triggers the same way as the stop-limit order, but the order is placed at the market price.