2025-12-21 01:22:25

Ready to start trading? Here's how to execute positions with limit and market orders on your exchange account.

When placing a limit order, first ensure the order type is switched to 'LIMIT' mode. Then, input your desired price point—ideally near the current market rate to ensure execution. From there, you can optionally configure your take profit targets and stop loss levels to automate your exit strategy.

Once your parameters are set, hit Buy or Sell depending on your position direction. Review the order details one final time, then confirm. Your order enters the book and waits for market conditions to match your specifications.

This approach gives you precise control over entry prices and built-in risk management. It's the foundational skill every trader needs to master.

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NotFinancialAdviser

· 22h ago

Limit orders are essentially a game of patience; wait for the right price before executing. --- It's the classic stop-loss and take-profit talk again. When you're truly losing money, who still remembers to set these? --- Precise control of prices? Ha, during a market crash, your limit orders are useless. --- A must-read series for beginners, but I dare say 99% of people will still need to pay tuition to truly understand after reading. --- Good risk management can indeed save lives, but unfortunately, most people simply can't follow through. --- I'm most afraid not of losing money, but of the moment when you finally set the parameters and then forget to check them. --- Following this process is correct; the problem is, which trader can really stay calm and follow each step? --- The order book part sounds simple, but in practice, human nature and greed are the biggest enemies.

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WagmiWarrior