What are limit orders/pending orders and how do you use them?

A market order is a buy or sell order placed at the best average market price, aiming for immediate execution.

 A limit order allows you to buy or sell at a fixed price you set. The advantage of a limit order over a market order is that it ensures a better average execution price.

Limit orders should be used when you are not in a hurry to buy or sell. Unlike market orders, limit orders are not executed immediately, so you need to wait until the sell/buy price is reached. Limit orders allow you to obtain more favorable sell and buy prices and are typically placed at major support and resistance levels. You can also split your buy/sell orders into multiple smaller limit orders to achieve cost averaging.

Important Notes

1. Limit orders on Bittam do not require margin like on other trading platforms.

If insufficient margin is available when the market price reaches your set price, the order will be cancelled.

2. You can open a maximum of 15 limit orders if your account balance is sufficient.

3. Limit orders are valid until you confirm or cancel them.

To place a limit order on Bittam, follow these steps:

On the trading interface, click "Limit" (next to the "Market" button).

Enter the opening price and volatility for your limit order.

Click Buy/Up or Sell/Down.

Website:

Log in -> Trading -> Limit Orders

Can I cancel my limit/pending order?

You can cancel your limit/pending order at any time as long as it has not been executed.