In simple terms, a market order is a method for you to trade your digital assets based on the current market's fair price. This means buying or selling a particular trading pair. On the order book, you can see the buy and sell orders placed by traders. The MEXC platform will match the buy and sell orders based on real-time trading conditions.
Example:
If you place a market order to buy MX, your order will be executed at the best available buy price at that moment. Similarly, if you place a market order to sell MX, your order will be executed at the best available sell price at that moment.
Put simply, stop limit orders combine the features of limit orders and TP/SL orders. Therefore:
If you want to buy 100 MX, you can place an order using the [Limit] option, where you set the desired purchase price to complete the order. Alternatively, you can use the [Stop Limit] option. First, you set the [Trigger Price], and then you set the purchase [Price]. With the latter option, the trade will only be executed when the asset reaches the [Trigger Price] and the price subsequently reaches the purchase [Price] again.
Similarly, if you want to sell 100 MX, you can place an order using the [Limit] option, where you set the desired sale price to complete the order. Alternatively, you can use the [Stop Limit] option. First, you set the [Trigger Price], and then you set the sale [Price]. With the latter option, the trade will only be executed when the asset reaches the [Trigger Price] and the price subsequently reaches the sale [Price] again.
MEXC
July 5, 2023
In simple terms, a market order is a method for you to trade your digital assets based on the current market's fair price. This means buying or selling a particular trading pair. On the order book, you can see the buy and sell orders placed by traders. The MEXC platform will match the buy and sell orders based on real-time trading conditions.
Example:
If you place a market order to buy MX, your order will be executed at the best available buy price at that moment. Similarly, if you place a market order to sell MX, your order will be executed at the best available sell price at that moment.
Put simply, stop limit orders combine the features of limit orders and TP/SL orders. Therefore:
If you want to buy 100 MX, you can place an order using the [Limit] option, where you set the desired purchase price to complete the order. Alternatively, you can use the [Stop Limit] option. First, you set the [Trigger Price], and then you set the purchase [Price]. With the latter option, the trade will only be executed when the asset reaches the [Trigger Price] and the price subsequently reaches the purchase [Price] again.
Similarly, if you want to sell 100 MX, you can place an order using the [Limit] option, where you set the desired sale price to complete the order. Alternatively, you can use the [Stop Limit] option. First, you set the [Trigger Price], and then you set the sale [Price]. With the latter option, the trade will only be executed when the asset reaches the [Trigger Price] and the price subsequently reaches the sale [Price] again.
MEXC
July 5, 2023