Understanding Order Types

How Take Profit works?

What is take profit order? Take Profit orders are used to set a target profit price on an unleveraged spot trade or a leveraged long or short position. The profit price is to be set in terms of absolute price. As with Stop orders, Take Profit orders can also be used to open positions. Take […]

How Stop Loss works?

Stop loss order is typically used as a closing order to limit losses or lock in your profits on a long or short position. But they can also be used to open a position. Stop Loss: Triggers a next order type when the last market price hits the stop price. Next order can be Market […]

How OSO (Order Sends Order) Works?

An OSO (Order Sends Order) order consists of a primary order that will send one or more secondary orders when the primary order is filled. For example, there is an OSO order consisting of two orders. The primary order is a 1) Trailing Stop Buy order to buy 100 units of a symbol, and attached to it […]

How OCO (Order Cancels Order) Works?

An OCO (Order Cancels Order)  is a pair of orders stipulating that if one order executes, then the other order is automatically canceled. An OCO order combines Take Profit with a Stop Loss order. If any of the order executed another order automatically gets canceled. Idea behind According to Investopedia: Traders can use OCO orders to trade retracements and breakouts. […]

How Stop Buy works?

Stop Limit Buy work very similar to Stop Loss. In Stop Limit Buy a Limit Buy order triggers when the market reaches the Stop value. It majorly used to buy a coin at a lower price as close to the trough. Below are the steps used to place Stop Limit Buy: Select Stop Buy order […]

How Limit Sell Works?

In limit sell the user has the control at what price the quoted currency will be sold at. It offers the advantage of being assured the market exit point is at least as good as the specified price. This order most of the time is not instant rather the exchange will wait till the target […]

How Limit buy Works?

In limit buy the user has the control at what price the quoted currency will be bought at. It offers the advantage of being assured the market entry or exit point is at least as good as the specified price. This order most of the time is not instant rather the exchange will wait till […]

How Market Sell Works?

When an investor places an order to buy or sell a stock, there are two fundamental execution options: place the order “at market” or “at limit”. Market Sell order is a transaction meant to execute as quickly as possible at the present or market price. To perform this Order Type From the drop-down menu select Market […]

How Market Buy Works?

When an investor places an order to buy or sell a stock, there are two fundamental execution options: place the order “at market” or “at limit.” Market buy order is a transaction meant to execute as quickly as possible at the present or market price. To perform this Order Type From the drop-down menu select […]