Currently, JuCoin supports various types of order types to meet the trading habits and needs of different investors, including: limit orders, market orders, take-profit/stop-loss orders, and more. Details are as follows:
Limit Order
JuCoin's limit orders allow users to set a specific price, and the order will be executed at the specified price or a better price. When submitting a limit order, if there are orders in the order book that are better than or equal to the specified price, the limit order will be executed immediately at the best available price. Since the order consumes liquidity in the market, a Taker fee will be charged. If there are no orders in the order book that are better than or equal to the specified price, the limit order will be placed in the order book, increasing market depth. Once the order is executed, the trader will receive a Maker fee rebate. Additionally, limit orders can also be used for partial or full closing of take-profit limit orders. The advantage of limit orders is that they guarantee execution at the specified price, but there is also the risk of the order not being filled.
Market Order
JuCoin's market orders will be executed at the best available price in the current order book, without the need to set a price, ensuring quick execution. While market orders guarantee execution, they do not guarantee the execution price, as market prices can fluctuate rapidly. Traders typically use market orders when they need to enter the market quickly to capture market trends.
Plan Order
A "Plan Order" refers to a user setting a trigger price and quantity. When the market's latest price reaches the trigger price, the system automatically places a regular limit order based on the user's pre-set price and quantity.
Trailing Order
The purpose of a trailing order is to send your pre-set order into the market when the market experiences a significant retracement. When the market's latest price reaches (1 ± retracement range) of the highest (lowest) market price you set for the order, the order condition will be triggered, and your pre-set order will be sent into the market at the market price.
Take-Profit/Stop-Loss Order
Take-profit/stop-loss orders allow users to pre-set trigger prices and order prices. When the market price reaches the trigger price, the system will automatically place an order based on the user's set price and quantity. One-way take-profit/stop-loss orders can be set for either take-profit or stop-loss, while two-way take-profit/stop-loss orders can be set for both, with one side becoming invalid after the other is triggered. This type of order will pre-freeze account assets.
Other Modes
- GTC - Good-till-Canceled: The order remains active until it is executed or canceled.
- FOK - Fill or Kill: The order must be fully executed immediately. Otherwise, the order will not be executed at all.
- GTX - Good Till Crossing (Maker Only): The order is canceled if it cannot become a maker.
- IOC - Immediate or Cancel: Any portion of the order that cannot be executed immediately (as a taker) is canceled.