To open a position, you must first place an order. Types of orders are available on EXMO Margin:
Market Order allows you to buy or sell an asset “here and now” at the market price. Its advantage is instant execution, while the disadvantage is that you cannot precisely predict the price at which you will buy (or sell) the asset.
Limit Order allows you to place a buy (or sell) order at a fixed price.
Stop Order is a conditional order to buy or sell assets. Once the market price of the asset reaches the specified level, a market order is placed automatically.
Stop-Limit Order requires specifying a stop price and a limit price. The order will be placed at your limit price after the stop price is reached.
Trailing Stop Order is a modification of a stop order where the trader does not set a fixed stop price but specifies a distance by which the stop price follows the market price.
Take Profit and Stop Loss
Take Profit (TP) — an order to automatically close a position when a specified profit level is reached.
Stop Loss (SL) — an order to automatically close a position when a specified loss level is reached.
Why they are needed:
Automation — no need to monitor the chart 24/7
Discipline — eliminate the influence of fear and greed
Risk management — you know in advance your maximum loss (SL) and planned profit (TP)
Important: In margin trading, SL is the main tool for protecting your deposit. It helps avoid forced liquidation of a position (margin call).
You will not be able to place an order if you do not have enough free margin in your margin wallet. To free up margin, you can do the following:
Cancel open orders.
Close or partially close positions.
Deposit funds into your margin wallet.
To buy or sell an asset at a specified price, use limit orders. Since you set the purchase or sale price yourself, you can buy the asset at a lower price or sell it at a higher price than the current market price.
Please note that limit orders are not executed immediately, but only when the market price reaches the price level you set. The advantage of a limit order is that it guarantees the execution price.
Stop-Limit is one of the more complex order types used by traders to protect positions. We’ll show you how to place a stop-limit order on the EXMO margin platform.
On the “Trade” page, in the order form, select “Stop-Limit” from the dropdown menu.
Choose the leverage size.
Enter the stop price and limit price values. Learn more about setting prices in our article on how and when to use stop-limit orders.
Enter the “Amount” of the asset, and the “Total” order value will be displayed automatically. You can also create an order for a specific percentage of your available balance — simply click on the desired percentage.
Select the order direction (buy or sell) and click “Buy” or “Sell”.
