Market Buy Order at Buying

Market Buy Order. The price is needed to calculate the total cost = amount * price of the order. Huobi implementation requires amount * price for market buy in quote currency to calculate the total cost.

Market orders are optimal when the primary goal is to execute the trade immediately. The seller who has waited the. A limit order, on the other hand, will allow setting the price at which one wants to buy or sell the stock.

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Using this service, you can call our customer care executives, who will then place the order on your behalf. A market order may increase the likelihood of a fill and the speed of execution, but unlike the limit order a market order provides no price protection and may fill at a price far lower/higher than the current displayed bid/ask. When placing orders to trade stocks you can place a couple different types of orders but the one i want to talk about now is called market orders. Market orders are used when certainty of execution is a priority over the price of execution.