With a Stop Market order, the trade will be executed at the market price once the stop price has been reached. Once the stop price has been reached the order converts to a Market order and is filled if there is a willing buyer or seller. With a Stop Market order, a trader is prioritizing execution over price, as price slippage may occur depending on how fast the market price of the currency is changing. Unlike a limit order that will only execute at the specified price or better, a stop market order will execute at the market price once the stop price has been met.
Articles in this section
- Why is there a difference between an executed instant buy/sell price and the currency actually received ?
- What is slippage ?
- How does Alluma manage liquidity?
- What are Stop orders?
- What is a Stop Market order?
- What is a Limit order?
- What is Market order?
- How do I place a Market order?
- Where can I see my transaction history on Web/Android App?
- How can I place a Limit order?