#订单类型解析 Definition: Users pre-set their expected buying or selling price and trading quantity, and the system automatically executes when the market price reaches or exceeds the set price.
- Features: It allows precise control over trading prices, avoiding slippage losses, but if the market price does not reach the set price, the order may not be executed. Some exchanges offer validity options such as 'Good Till Cancelled (GTC)', 'Immediate or Cancel (IOC)', and 'Fill or Kill (FOK)'.
- Applicable Scenarios: Suitable for traders who have a clear expectation of target prices, do not pursue immediate execution, and are sensitive to prices. For example, if one predicts that the price of Bitcoin will rebound when it falls to $60,000, they can set a buy limit order at that price; or if they expect Ethereum to rise to $5,000.