Choose the right type of order with Solidifin Finance
Market and limit orders
Market order:
Executed at the current market price and is suitable for quick buying or selling. It is convenient when speed of execution is important.
Limit order:
Executed only at a specified price or better, allowing you to control the buy or sell price. Limit orders are particularly useful for entering the market at specified parameters and minimizing costs.
Stop orders
Stop loss:
Protects against large losses by automatically closing the position if the price reaches a set level. Recommended for risk management.
Take profit:
Locks in profits by automatically closing a position when it reaches a set level. It helps to lock in profits when the market moves in the right direction.
Trailing stop and other orders
Trailing stop:
Moves with the price of the asset to protect profits when the price rises and minimize losses when it falls. Useful for automatic stop loss adjustment.
Other orders:
Include additional settings such as All-or-Nothing or Remove After orders to help optimize trade execution.
