Order Types in Spot Trading
YUBIT Spot Trading currently supports two types of order placement methods.
A Limit Order allows users to set the price at which they want to buy or sell. The order will be executed at the specified price or a better price, depending on market liquidity.
The trigger price is determined by the user.
The order opens or closes at the user’s set limit price.
Execution may be slower, since the order will only fill if there are matching orders in the order book at prices equal to or better than the limit price.
If there are no matching orders available, the Limit Order will stay in the order book and contribute to market depth until it is filled.
Advantages
Provides greater control over the exact execution price.
Useful for partial or full take-profit (limit) orders.
Suitable for traders who prefer stock-style precision order placement.
Disadvantages
Execution is not guaranteed — the market may not reach the specified price.
Execution may be slower than market orders.
A Market Order is executed immediately based on the latest market price, without requiring the user to set a price manually.
The trigger price is the most recent transaction price on the market.
The actual execution price may differ from the trigger price, especially in a fast-moving market.
Ensures instant execution, making it ideal for timely entries or exits.
Advantages
Execution priority — guarantees the order will be filled.
Ideal when traders need to enter or exit quickly to follow market trends.
Disadvantages
In periods of high volatility, the actual execution price may not be ideal or may differ significantly.
YUBIT Team
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