Types of Orders on the Exchange
Market order (market order) - is used to execute an order "by market", that is, at the current price of demand or supply.
Limit order - this order sets the maximum price of the asset, for which the trader is ready to buy, or the minimum price at which he is ready to sell.
Stop market (stop order) - this order is used mainly to close positions. As soon as the price of the last transaction becomes equal to or exceeds the price set in the stop order, it immediately turns into a market order and is executed on the same terms as all other market orders.
Stop-Limit order (stop-limit order) - a combination of stops and limit orders. It specifies two prices: a limit and a stop, they can coincide or differ. In the event that the market price has reached the stop-price, a limit order is placed.
Limit-on-Open (LOO) is a limit order for the purchase or sale of shares at the opening of the market. It is executed or not executed as a limit order at the time of the opening of trading on the exchange.
Market-on-Open (MOO) is a market order that is executed at the open price of trading on the exchange.
Market-on-Close (MOC) is an order that can be sent in the afternoon during a trading session, but will be executed in the last transaction at the close.
Market order (market order) - is used to execute an order "by market", that is, at the current price of demand or supply.
Limit order - this order sets the maximum price of the asset, for which the trader is ready to buy, or the minimum price at which he is ready to sell.
Stop market (stop order) - this order is used mainly to close positions. As soon as the price of the last transaction becomes equal to or exceeds the price set in the stop order, it immediately turns into a market order and is executed on the same terms as all other market orders.
Stop-Limit order (stop-limit order) - a combination of stops and limit orders. It specifies two prices: a limit and a stop, they can coincide or differ. In the event that the market price has reached the stop-price, a limit order is placed.
Limit-on-Open (LOO) is a limit order for the purchase or sale of shares at the opening of the market. It is executed or not executed as a limit order at the time of the opening of trading on the exchange.
Market-on-Open (MOO) is a market order that is executed at the open price of trading on the exchange.
Market-on-Close (MOC) is an order that can be sent in the afternoon during a trading session, but will be executed in the last transaction at the close.