Types of Order

There are four types of order available on LBank Futures: limit order, market order, stop-limit order and stop-market order.

Please be noted that you are only allowed for one position per trading pair. To illustrate this, if you open a short position, anticipating that the price will go down in the longer timeframe, but in the meanwhile wanted to open a long to do a trade for a shorter timeframe. You are unable to open positions in both directions at the same time. Opening positions in both directions would result cancel one another out.

Limit Order

What is a limit order?

With limit orders, you can place an order at a specific price. The order will be filled if the price matches your limit price.

How to place a limit order?

1. Enter the bid price and order amount you want to place. Click “Open Long” for long order or “Open Short” for short order.

2. An “order confirmed” screen will pop out. Click “Confirm” if you are confirmed to place the order.

Market Order

What is a market order?

With market orders, the order will be matched immediately at the best available price.

How to place a market order?

1. Enter the order amount you want to place. Click “Open Long” for long order or “Open Short” for short order.

2. An “order confirmed”screen will pop out. Click “Confirm” if you are confirmed to place the order.

Stop-Limit Order

What is stop-limit order?

A stop-limit order is a conditional trade over a set timeframe with stop price and limit price features. A stop-limit order will be executed at a specified price after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.

How to place a stop-limit order?

1. Enter the trigger price, bid price and order quantity you want to place. 

2. Select the trigger price to be the latest price or the marked price. Click “Open Long” for long order or “Open Short” for short order.

3. An “order confirmed”screen will pop out. Click “Confirm” if you are confirmed to place the order.

Stop-Market Order

What is a stop-market order?

Similarly to a stop-limit order, a stop-market order uses a stop price as a trigger. However, when the stop price is reached, it triggers a market order instead.  

How to place a stop-market order?

1. Enter the trigger price and order amount you want to place.

2. Select the trigger price to be the latest price or the marked price. Click “Open Long” for long order or “Open Short” for short order.

3. An “order confirmed” screen will pop out. Click “Confirm” if you are confirmed to place the order.

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Risk Warning: Investing in digital assets is extremely risky. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and LBank is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. This material shall not be construed as financial advice in any case. LBank reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.