Order Types Available on Nominex CEX

Market Order

A market order is an order to buy or sell at the best available price.

For example, the buy price for EUR/USD is 1.12 and the ask price is 1.14. If you wanted to buy EUR/USD on the market, it would be sold to you at a price of 1.14.

You will click the "Buy" button and your trading platform will instantly fill a buy order at that price.

Please be aware that depending on market conditions there may be a difference between the price you choose and the final price on your trading platform.

When you place a market order, you have no control over what price it will actually be filled at.

Limit Order

A limit order is an order to buy  below  the market or sell  above  the market at a specified price.

This is a command to buy or sell an asset as soon as the market reaches the "limit price".

• You place a Buy Limit order to buy at or below the specified price.
• You place a Sell Limit order to sell at or above the specified price.

Once the market reaches the "limit price", the order is triggered and filled at the "limit price" (or better).

Stop-Limit order

A stop-limit order is a conditional trade for a set period of time that combines the functions of a stop order and a limit order and is used to reduce risk.

How Stop Limit Orders Work

A stop-limit order requires two price points to be set:

1. Stop: The start of the specified target price for the trade.
2. Limit: outside the target price.

A time interval must also be set during which a stop-limit order is considered active.

Trailing-Stop Order

In fact, this is a stop loss order , which is always attached to an open position and automatically moves when the profit equals or exceeds the level you specify.

It allows the trade to continue rising in price when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a specified distance.

In the process...

The Nominex development team is constantly working on product development. We are currently working on the following types of orders:

One Cancels the Other (OCO)

An OCO order is a combination of two entry and/or stop loss orders.

Two orders are placed above and below the current price. When one of the orders is executed, the other order is cancelled. An OCO order allows you to place two orders at the same time. But only one of the two will be fulfilled.

👍 Happy trading on https://Nominex.io/markets