I need to ensure a swift execution of my orders on Mexc Exchange. How can I place different types of orders?

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Xolvie
Xolvie Resolution Specialist January 28, 2024 2:07 pm

There are a few different ways to place different kinds of orders on Mexc Exchange:

• Set the limit:
You can decide how much you want to buy or sell something for. If the limit order matches an open order on the order book right away, it is filled at that price. It adds liquidity if it isn't matched right away.

One benefit is that the delivered price is guaranteed to be the assigned price. However, there is a chance that the execution will not be complete.

• Order of the Market:
At the current market price, this order is carried out right away. Traders use it when they need to move quickly.

It guarantees execution, but the price of execution may change depending on how the market is doing.

• Order to Stop-Limit:
The most recent market price is used to set the trigger price for an order. When the market hits the Trigger Price, a Limit Order is put in. As an example, you could set the trigger price to 65,000 USDT and the limit price to 66,000 USDT. This way, you can sell 0.1 BTC at 66,000 USDT and take a profit when the market price hits 65,000 USDT. The limit order to sell 0.1 BTC at 66,000 USDT will be put in the market when the most recent transaction price reaches 65,000 USDT. The order will then wait for the transaction to happen.

If you've found these suggestions useful, consider leaving a comment to let us know.

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