Types of orders in UNI Stex
There are two types of orders available on the UNI Stex exchange - Market and Limit orders. Both types of orders have their own distinctive features and it depends on them exactly how you will trade on the exchange.
You can open 2 positions – Long (Buy) and Short (Sell).
Market order - execution of an order for the quick buy or sell of a cryptocurrency asset at the best available price, based on limit orders placed in the exchange glass. A market order is the simplest type of orders. By activating a market order, the trader instantly makes a buy or sell.
Limit order is a pending order (request) to buy or sell at a specified price. In comparison with market orders, where transactions are executed instantly at the current market price, limit orders are placed in the stock glass and are not executed immediately, therefore, the 'Maker' commission is charged for the 'Limit' order.