Spot trading order type

There are two commission methods for Global HibtHub spot trading

Limit Order:

Users can set the commission price, and orders will be transacted at the commission price or at a price better than the commission price

The trigger price sets a price for the user to buy/sell at a limit price, and the final price is the same as the set price, but the transaction speed is slower. If there are no orders in the order table that are better than or equal to the order price available for matching, the limit order will enter the order table and wait for completion, increasing market depth.

Advantages: The specific price of the buying and selling operation is relatively ideal and can be used to partially or completely close profit taking limit orders, which meets the wishes of investors

Disadvantage: It may not be possible to make a deal, meaning it cannot be fully guaranteed to buy or sell, and the transaction may be slow

Market Order:

According to the latest market prices, transactions can be made quickly without the need to set prices yourself

The trigger price is the latest market transaction price, which is used to buy/sell at market price. If the final buy/sell price is different from the trigger price, the transaction can be made immediately.

Advantages: Enjoy priority trading rights, ensuring that buying and selling operations can be executed. When traders need to quickly enter the market to capture market trends, they usually use market orders

Disadvantage: If encountering drastic fluctuations in market prices, the resulting price may not be ideal