1.【Limit Order】
A limit order is used to Long Buy or Short Sell contracts at a specified price. Under this order type, you can choose any of the following methods to make your order effective:
(1).Always valid (default): The order will remain valid until the user cancel the order, or the order has already been fully completed in the market.
(2). Immediate or cancel: When the order is executed, any uncompleted part will be canceled immediately. Which means that, if none of the order could be executed, all of the order would be canceled; if part of the order could have been executed, the uncompleted part would be canceled at the same time.
(3).Fill or kill: When the order cannot be completely executed in the market, it will be completely canceled immediately.
(4).Post only: After the order is placed, the order will not be executed in the market immediately. Which means that, if your order would be executed immediately with the existing order, your order will be canceled, ensuring that your order could always be a Maker.
(5).Hidden order: When placing an order, you can choose to hide the order so as not to display on the market.
*How to set a Limit order (Maker)?
To make an example, we want to set a limit order(Maker) which use USDT to Long Buy ADAUSDT contracts in the futures trading market:
- We suppose the current latest deal price for ADAUSDT contracts is 2.6238, and the current 1st place selling price is 2.6238.
- Choose 『Limit』order
- Set the 『Price: 2.6237』& 『Amount: 50』
- Check and confirm the 『 Execution Value: 43.79392583 USDT』
- Click 『Buy ADA』to send the order
After the order has been submitted successfully, it will be sent into the market and take the 1st buyer place. When the market price fluctuate to 2.6237, the order will start to be executed step by step. The same for a limit order (Maker) to sell.
*How to set a Limit order (Taker)?
To make an example, we want to set a limit order(Taker) which use USDT to Long Buy ADAUSDT contracts in the futures trading market:
- We suppose the current latest deal price for ADAUSDT contracts is 2.6265, and the current 1st place selling price is 2.6269.
- Choose 『Limit』order
- Set the 『Price: 2.6269』& 『Amount: 50』
- Check and confirm the 『 Execution Value: 43.84733916 USDT』
- Click 『Buy ADA』to send the order
After the order has been submitted successfully, because the amount that you want to buy is less than the selling amount of the current 1st place seller, the order will be executed by the price 2.6269 immediately. The same for a limit order (Taker) to sell.
2.【Market Order】
According to the amount of your order, the order will be executed in sequence on the basis of the current market prices of existing buyers or sellers. If the market has insufficient opponents, those orders that cannot be executed will be canceled. If the market has no opponents at all, the order cannot be submitted.
*How to set a Market order to buy?
To make an example, we want to use USDT to Long Buy ADAUSDT contracts under market price in the futures trading market:
- Observe the market depth of existing sell orders
- Choose 『Market Price』order
- Set the 『Value: 50 ADA』
- Click 『Buy ADA』to send the order
After the order has been submitted successfully, it will be sent into the market and be executed in sequence on the basis of the market best prices until the order has been completely executed.
Please be kindly noted that, if you want to set a large amount of purchase, please pay highly attention to the current market depth of existing sell orders to protect yourself from the market slippage.
*How to set a Market order to sell?
To make an example, we want to get USDT by way of Short Sell ADAUSDT contracts under market price in the futures trading market:
- Observe the market depth of existing buy orders
- Choose 『Market Price』order
- Set the 『Value: 100 ADA』
- Click 『Sell ADA』to send the order
After the order has been submitted successfully, it will be sent into the market and be executed in sequence on the basis of the market best prices until the order has been completely executed.
Please be kindly noted that, if you want to set a large amount of purchase, please pay highly attention to the current market depth of existing sell orders to protect yourself from the market slippage.
3.【Stop-Limit Order (also known as stop profit and loss of limit order)】
You can set the trigger price, limit price and order amount in advance. When the order is triggered, the system will automatically send the limit order you set up before into the market. Under this order type, you can choose any of the following methods to make your order effective:
(1).Always valid (default): The order will remain valid until the user cancel the order, or the order has already been fully completed in the market.
(2). Immediate or cancel: When the order is executed, any uncompleted part will be canceled immediately. Which means that, if none of the order could be executed, all of the order would be canceled; if part of the order could have been executed, the uncompleted part would be canceled at the same time.
(3).Fill or kill: When the order cannot be completely executed in the market, it will be completely canceled immediately.
(4).Post only: After the order is placed, the order will not be executed in the market immediately. Which means that, if your order would be executed immediately with the existing order, your order will be canceled, ensuring that your order could always be a Maker.
(5).Hidden order: When placing an order, you can choose to hide the order so as not to display on the market.
(6).Trigger price: You can choose one of the trigger price types among "Latest Execution", "Index Price" and "Mark Price" respectively:
· Latest Execution (By default) : The order is to be triggered when the Last Price hits the Stop price.
· Index Price: The order is to be triggered when the Index Price hits the Stop price.
· Mark Price: The order is to be triggered when the Market Price hits the Stop price.
*How to set a Stop-Limit order to stop profit under Long Position?
To make an example, we could Long Buy ADAUSDT contracts to make profit if we consider the price of ADA would rise in the future. We suppose that it will encounter difficulties when the price of ADA goes up to 3.5, then we can set a Stop-Limit order to stop profit as we hold the long position of ADAUSDT contracts in the futures trading market:
- Choose 『Stop-Limit』order
- Choose the type of trigger price by 『Latest Execution』
- Set the price of 『Stop: 3.5』
- Set the price of 『Limit: 3.49』
- Set the 『Amount: 50』
- Click 『Sell ADA』to send the order
After the order has been submitted successfully, it will not be sent into the market immediately. The order would only be triggered when the latest market price reach 3.5, at this time the order you set before, which is to sell 50 ADA by the price of 3.49 each, would be sent into market automatically and then be executed in sequence.
Please be kindly noted that, none of your assets would be frozen when you submit an order, but once the order has been triggered, it would not be successful if your available assets (margin) is not enough.
*How to set a Stop-Limit order to stop profit under Short Position?
To make an example, we could Short Sell ADAUSDT contracts to make profit if we consider the price of ADA would fall down in the future. We suppose that it will not continue falling down when the price of ADA has already down to 1.5, then we can set a Stop-Limit order to stop profit as we hold the short position of ADAUSDT contracts in the futures trading market:
- Choose 『Stop-Limit』order
- Choose the type of trigger price by 『Latest Execution』
- Set the price of 『Stop: 1.5』
- Set the price of 『Limit: 1.51』
- Set the 『Amount: 50』
- Click 『Buy ADA』to send the order
After the order has been submitted successfully, it will not be sent into the market immediately. The order would only be triggered when the latest market price reach 1.5, at this time the order you set before, which is to buy 50 ADA by the price of 1.51 each, would be sent into market automatically and then be executed in sequence.
Please be kindly noted that, none of your assets would be frozen when you submit an order, but once the order has been triggered, it would not be successful if your available assets (margin) is not enough.
*How to set a Stop-Limit order to stop loss under Long Position?
To make an example, we could Long Buy ADAUSDT contracts to make profit if we consider the price of ADA would rise in the future. As we can see, the liquidation price of our long position is 1.122, we suppose that it will probably continue falling down when the price of ADA has already down to 1.5, then we can set a Stop-Limit order to stop loss as we hold the long position of ADAUSDT contracts in the futures trading market:
- Choose 『Stop-Limit』order
- Choose the type of trigger price by 『Latest Execution』
- Set the price of 『Stop: 1.5』
- Set the price of 『Limit: 1.49』
- Set the 『Amount: 50』
- Click 『Sell ADA』to send the order
After the order has been submitted successfully, it will not be sent into the market immediately. The order would only be triggered when the latest market price reach 1.5, at this time the order you set before, which is to sell 50 ADA by the price of 1.49 each, would be sent into market automatically and then be executed in sequence.
Please be kindly noted that, none of your assets would be frozen when you submit an order, but once the order has been triggered, it would not be successful if your available assets (margin) is not enough.
*How to set a Stop-Limit order to stop loss under Short Position?
To make an example, we could Short Sell ADAUSDT contracts to make profit if we consider the price of ADA would fall down in the future. As we can see, the liquidation price of our short position is 3.937, we suppose that it will probably continue going up when the price of ADA has already risen to 3.5, then we can set a Stop-Limit order to stop loss as we hold the short position of ADAUSDT contracts in the futures trading market:
- Choose 『Stop-Limit』order
- Choose the type of trigger price by 『Latest Execution』
- Set the price of 『Stop: 3.5』
- Set the price of 『Limit: 3.51』
- Set the 『Amount: 50』
- Click 『Buy ADA』to send the order
After the order has been submitted successfully, it will not be sent into the market immediately. The order would only be triggered when the latest market price reach 3.5, at this time the order you set before, which is to buy 50 ADA by the price of 3.51 each, would be sent into market automatically and then be executed in sequence.
Please be kindly noted that, none of your assets would be frozen when you submit an order, but once the order has been triggered, it would not be successful if your available assets (margin) is not enough.
4.【Stop-Market Order (also known as stop profit and loss of market order)】
1. You can set the trigger price and order amount in advance. When the order is triggered, the system will automatically send the market order you set up before into the market.
According to the amount of your order, the order will be executed in sequence on the basis of the current market prices of existing buyers or sellers. If the market has insufficient opponents, those orders that cannot be executed will be canceled. If the market has no opponents at all, the order cannot be submitted.
2. Trigger price: You can choose one of the trigger price types among "Latest Execution", "Index Price" and "Mark Price" respectively:
· Latest Execution (By default) : The order is to be triggered when the latest price hits the Stop price.
· Index Price: The order is to be triggered when the Index Price hits the Stop price.
· Mark Price: The order is to be triggered when the Market Price hits the Stop price.
*How to set a Stop-Market order to stop profit under Long Position?
To make an example, we could Long Buy ADAUSDT contracts to make profit if we consider the price of ADA would rise in the future. We suppose that it will encounter difficulties when the price of ADA goes up to 3.5, then we can set a Stop-Market order to stop profit as we hold the long position of ADAUSDT contracts in the futures trading market:
- Choose 『Stop-Market』order
- Choose the type of trigger price by 『Index Price』
- Set the price of 『Stop: 3.5』
- Set the 『Amount: 50』
- Click 『Sell ADA』to send the order
After the order has been submitted successfully, it will not be sent into the market immediately. The order would only be triggered when the latest market price reach 3.5, at this time the order you set before would be sent into market automatically and then be executed in sequence by the market prices, until the order has been executed completely.
Please be kindly noted that, none of your assets would be frozen when you submit an order, but once the order has been triggered, it would not be successful if your available assets (margin) is not enough.
*How to set a Stop-Market order to stop profit under Short Position?
To make an example, we could Short Sell ADAUSDT contracts to make profit if we consider the price of ADA would fall down in the future. We suppose that it will not continue falling down when the price of ADA has already down to 1.5, then we can set a Stop-Market order to stop profit as we hold the short position of ADAUSDT contracts in the futures trading market:
- Choose 『Stop-Market』order
- Choose the type of trigger price by 『Index Price』
- Set the price of 『Stop: 1.5』
- Set the 『Amount: 50』
- Click 『Buy ADA』to send the order
After the order has been submitted successfully, it will not be sent into the market immediately. The order would only be triggered when the latest market price reach 1.5, at this time the order you set before would be sent into market automatically and then be executed in sequence by the market prices, until the order has been executed completely.
Please be kindly noted that, none of your assets would be frozen when you submit an order, but once the order has been triggered, it would not be successful if your available assets (margin) is not enough.
*How to set a Stop-Market order to stop loss under Long Position?
To make an example, we could Long Buy ADAUSDT contracts to make profit if we consider the price of ADA would rise in the future. As we can see, the liquidation price of our long position is 1.615, we suppose that it will probably continue falling down when the price of ADA has already down to 1.9, then we can set a Stop-Market order to stop loss as we hold the long position of ADAUSDT contracts in the futures trading market:
- Choose 『Stop-Market』order
- Choose the type of trigger price by 『Index Price』
- Set the price of 『Stop: 1.9』
- Set the 『Amount: 50』
- Click 『Sell ADA』to send the order
After the order has been submitted successfully, it will not be sent into the market immediately. The order would only be triggered when the latest market price reach 1.9, at this time the order you set before would be sent into market automatically and then be executed in sequence by the market prices, until the order has been executed completely.
Please be kindly noted that, none of your assets would be frozen when you submit an order, but once the order has been triggered, it would not be successful if your available assets (margin) is not enough.
*How to set a Stop-Market order to stop loss under Short Position?
To make an example, we could Short Sell ADAUSDT contracts to make profit if we consider the price of ADA would fall down in the future. As we can see, the liquidation price of our short position is 3.3479, we suppose that it will probably continue going up when the price of ADA has already risen to 3.0, then we can set a Stop-Market order to stop loss as we hold the short position of ADAUSDT contracts in the futures trading market:
- Choose 『Stop-Market』order
- Choose the type of trigger price by 『Index Price』
- Set the price of 『Stop: 3.0』
- Set the 『Amount: 50』
- Click 『Buy ADA』to send the order
After the order has been submitted successfully, it will not be sent into the market immediately. The order would only be triggered when the latest market price reach 3.0, at this time the order you set before would be sent into market automatically and then be executed in sequence by the market prices, until the order has been executed completely.
Please be kindly noted that, none of your assets would be frozen when you submit an order, but once the order has been triggered, it would not be successful if your available assets (margin) is not enough.
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