Market order and market price range order
- 8월 24, 2017
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Market order and market price range order
Market Order
A market place order is an ordering method that purchases or sells at the current market price.
It is an ordering method to conclude the order at the exchange rate of the moment when the sale button is clicked.
The market order is not necessarily concluded at the price set by the trader.
Even if you click the buy button on the exchange rate, if the exchange rate rises during a very short period of time when the order arrives at the foreign exchange's server, the order is not concluded or it is concluded at a variable exchange rate.
The difference between actual entry price and actual order price is called slippage, which can be disadvantageous to traders.
Market Range Order
It is easy to conclude within the range of market price + designation.
It is an order form designed to reduce the slippery phenomenon that occurs when placing a market order.
It is a way to pre-set the range of the price within which the order is desired to be concluded.
You can trade at a faster pace and narrow the gap between order and contract prices.
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