A market order is a buy (or sell) order to be executed immediately at current market prices. As long as there are willing sellers and buyers, market orders are filled. Market orders are therefore used when the certainty of execution is a priority over the price of execution.
Take BTC exchange as an example, choose [Buy/Sell] and the [Limit] order. If you want to sell BTC, enter the [Sell price] then click [Sell].
The market order can guarantee an immediate turnover, but the exchange price might be different with the prevailing market price.
A limit order is an order to buy an asset at no more than a particular price or to sell an asset at no less than an accurate price. The current fee rate is 0.2% of the required trading currency.
1. Take BTC exchange as an example, choose [Buy/Sell], the default is [Limit] order. If you want to buy BTC, enter the [Buy price] and [Amount to buy], click [Buy].
2. The pending order can be seen in [Active order].
3. The unexecuted orders can be [Canceled]
4. The executed order can be seen in [Historical order]
Iceberg order is a large order which has been divided into smaller orders, usually by the use of an automated program, for the purpose of hiding the actual order quantity.
A buy or sell order for a large quantity is placed, with the “Disclosed Quantity” for a small quantity.
A small quantity order is shown to the public as the tip of the iceberg, while a large quantity order stays hidden like the body of the iceberg.
A TWAP strategy underpins more sophisticated ways of buying and selling than simply executing orders en masse.
High-volume traders use TWAP to execute their orders over a specific time so they trade to keep the price close to that which reflects the true market price. TWAP orders are a strategy of executing trades evenly over a specified time period.