Tradoor
Tradoor Mini App User Guide
Tradoor Mini App User Guide
  • 👋Outline
  • 💱HOW TO TRADE ON TRADOOR
    • 🤔How do I make my first trade on Tradoor?
    • ⚙️How do I set up my wallet to start trading on Tradoor?
    • 💰How do I add funds to my Telegram wallet?
    • 📊Trading Perps 101
      • 🤔What is Perps Trading?
      • 🧭How to navigate Tradoor's Perps Trading Page
        • What does "Symbol" mean?
        • What does "Index Price" mean?
        • What does "24h" change mean?
        • What does "Open Interest" mean?
        • What does "Long/Short Rate" mean?
        • What does "1h Funding" and "1h Rollover" mean?
        • What does "Max Leverage" and "Average Leverage" mean?
        • What does "Available Liquidity" mean?
        • What does the Perps price chart mean?
        • What do the "long" and "short" button mean?
      • 🥇How do I make my first trade in Perps?
        • (1) Select between "Market Order" and "Limit Order"
        • (2) Enter the amount you would like to trade with
        • (3) Select the leverage you would like to trade with
        • (4) Have a look at your position
        • (5) Select your TP/SL
      • 🤑How do I make a profitable trade in Perps?
    • 📈Trading Options 101
      • 🧐What is Options Trading?
      • 🗺️How to navigate Tradoor's Classic Options Page
        • What does "Symbol" mean?
        • What does "Expiry" mean?
        • What does "Strike Price" mean?
        • What does the "Options Price Chart" mean?
        • What do "Call" and "Put" mean?
        • What do "Positions" and "History" mean?
      • ☝️How do I make my first Classic Options trade?
      • 🚸How to navigate Tradoor's DNT Options Page
        • What does "Symbol" mean?
        • What does "Expiry" mean?
        • What does "Strike Price" mean?
        • What does "Trigger" mean?
        • What do "Double No Touch Odds" mean?
        • What does the "Options Price Chart" mean?
        • What do "Positions" and "History" mean?
      • 🏆How do I make my first DNT Options trade?
      • 💰How do I make a profitable trade in Options?
      • 🎟️How do I use my Options Voucher?
  • ⚡Turbo Mode on Tradoor
    • ❔What is Turbo Mode?
    • 🌩️How do I start trading with Turbo Mode?
    • ✏️FAQs about Turbo Mode
  • 🌊ADD LIQUIDITY ON TRADOOR
    • 👀What is liquidity?
    • ❔Why add liquidity?
    • 🚰How to add liquidity to pools?
  • ❔Frequently Asked Questions
  • 🌟EARN REWARDS ON TRADOOR
    • 🎁What are $DOOR points?
    • 📊Earn rewards by trading
    • 👯Earn rewards by referring friends
    • 🏁Earn rewards by completing tasks
    • 🐂Earn rewards by feeding Sausage
  • 🤝GET CONNECTED ON TRADOOR
    • 👋How do I get connected on Tradoor?
  • 🛠️OTHERS
    • 🔮Oracle Data
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On this page
  • FAQs:
  • Step One: Select between Market Order or Limit Order.
  • What's the difference betwen "Market Order" and Limit Order"?
  1. HOW TO TRADE ON TRADOOR
  2. Trading Perps 101
  3. How do I make my first trade in Perps?

(1) Select between "Market Order" and "Limit Order"

More about "Market Order" and "Limit Order"s.

PreviousHow do I make my first trade in Perps?Next(2) Enter the amount you would like to trade with

Last updated 6 months ago

FAQs:


Step One: Select between Market Order or Limit Order.

Let us first understand the differences between a market and limit order to better help you decide which trade you’d like to place.

What's the difference betwen "Market Order" and Limit Order"?

Market Order

  • Definition: A market order is an order to buy or sell a crypto asset immediately at the best available current price in the market.

  • Execution:

    • Speed: Market orders are executed quickly since they are filled at the current market price.

    • Price Uncertainty: Traders do not control the exact price at which the order will be executed. The execution price may differ slightly from the last traded price due to market fluctuations, especially in volatile markets.

  • Use Case:

    • Ideal for traders who want to enter or exit a position quickly and are willing to accept the current market price.

    • Often used in fast-moving markets or when liquidity is high.

Limit Order

  • Definition: A limit order is an order to buy or sell a crypto asset at a specific price or better.

  • Execution:

    • Price Control: Traders set a specific price at which they want to buy (for a buy limit order) or sell (for a sell limit order). The order will only be executed if the market reaches that price.

    • Timeframe: Limit orders may not be filled immediately and can remain open until the specified price is reached or until the trader cancels the order.

  • Use Case:

    • Ideal for traders who want more control over the price at which they enter or exit a position.

    • Useful for setting specific entry or exit points, especially in volatile markets or when trading less liquid assets.

Key Differences

Feature

Market Order

Limit Order

Execution Speed

Quick, filled at current market price

May take time to fill, depending on price

Price Control

No control over execution price

Control over the price at which the order is filled

Market Conditions

Best for fast-moving markets

Best for precise entry/exit strategies

Guarantee of Execution

Likely to be filled immediately

No guarantee of execution if the price is not met

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What's the difference between "Market Order" and "Limit Order"?
Market Order
Limit Order
Key Differences