Currently, CoinW supports three types of futures trading orders: limit orders, market orders, and stop orders.
Limit Order
A limit order allows traders to set their desired minimum or maximum price for buying or selling.
Note: Futures limit orders allow you to buy low and sell high. Any potential buying high or selling low orders will be executed at the market price.
Market Order:
A market order allows traders to execute a trade at the best available market price.
Stop Order:
A stop order will only be triggered when certain predefined conditions are met. Traders need to specify a trigger price as the condition for activating the order. No margin is required when the stop order is placed; however, if there isn’t sufficient margin in the account when the stop order is activated, the order will automatically be canceled.
Stop Limit Order: When the price reaches the preset trigger price, the limit order will be entered into the order book based on this price.
Stop Market Order: When the price reaches the preset trigger price, the market order will be executed at the best available price at that time.