Mastering Standard Orders in Trading
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Questions and Answers

Which type of order allows you to buy or sell a token immediately at the current market price?

  • Take profit/TP order
  • Stop/SL order
  • Market order (correct)
  • Limit order
  • Which type of order allows you to buy or sell a token at a specific price or better?

  • Market order
  • Stop/SL order
  • Take profit/TP order
  • Limit order (correct)
  • Which type of order automatically adjusts the stop distance based on the market price?

  • Stop/SL order
  • Take profit/TP order
  • Trailing stop order (correct)
  • Limit order
  • Which type of order allows you to buy or sell a token when it reaches a certain price level, but only if it can be executed as a limit order?

    <p>Stop-limit order</p> Signup and view all the answers

    Which type of order is immediately canceled for any portion that cannot be filled immediately?

    <p>Immediate or cancel order</p> Signup and view all the answers

    Which type of order must be filled in its entirety immediately, or it will be canceled?

    <p>Fill or kill order</p> Signup and view all the answers

    Which type of order allows you to buy or sell a token when it reaches a certain price level, but only if it can be executed as a limit order?

    <p>Stop-limit order</p> Signup and view all the answers

    Which type of order is immediately canceled for any portion that cannot be filled immediately?

    <p>Immediate or cancel (IOC) order</p> Signup and view all the answers

    What does selecting 'Conditions Reduce only' ensure?

    <p>Only an existing position can be reduced and a new position cannot be opened in the opposite direction</p> Signup and view all the answers

    What does selecting 'Post only' ensure?

    <p>Your order will only execute if it would result in adding liquidity to the order book</p> Signup and view all the answers

    What is the best practice for stop losses?

    <p>Always select 'Conditions Reduce only'</p> Signup and view all the answers

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