📣 Types of Order

Types of Order

You can choose type of order before placing an order.

XIGNAL Exchange supports 2 types of order:

• Limit Order
• Market Order

Limit Order

What is a Limit Order?

A limit order is an order that you place on the order book with a specific limit price. The limit price is determined by you. So when you place a limit order, the trade will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or to sell at a higher price than the current market price.

Market Order

What is a Market Order?

A market order is an order to quickly buy or sell at the best available current price. It needs liquidity to be filled, meaning that it is executed based on the limit orders that were previously placed on the order book.

For more information on how to trade, please refer to the article below.
How to trade (Buy/Sell)

If you have any trouble, please submit a request through XIGNAL SUPPORT.