Types of Orders
There are a few basic types of orders that can be used in ECN trading:
- Limit Orders;
- Stop Orders;
These order types have their own specific features and are tailored for different situations. A number of factors dictate the choice of an order that would best suit a trader’s needs. The decision as to which order to open will depend on your trading style and strategy, experience, your impression of current market conditions and such objective factors as price movement patterns, volatility, margin support, liquidity, etc...
An order execution process is very specific in ECN trading and it depends on the order you choose. The placement and execution of each order takes place upon matching of certain parameters that is impossible to be ignored otherwise, the deal will not execute.
We suggest considering the information on each of these orders separately.
