Our tutorial video provides quick access to common questions and related topics:
https://www.youtube.com/watch?v=8D1MJrtCqQo
Learn more details by reading the whole article below.
Currently, FAMEEX Futures Trading supports 4 types of orders:
1. Limit Order: Users need to set up the price and amount for a Limit Order, it will be filled by the matching principle of prioritizing the price and the time.

2. Market Order: Market Orders are matched immediately at the best available price.
3. Stop Limit Order: A Stop Limit order is a conditional order within a set price range, it will be executed at a specified price after a given trigger price has been reached. Once the trigger price is reached, it will buy or sell at the limit price or a better price than the price set by users. Users can choose [Last Price] or [Mark Price] to open the order. The stop loss price and take profit price can be set separately. Please note that our system will automatically withdraw the order if the users’ margin is insufficient or exceeds the limit of positions.

Examples of Stop Limit Order:
Circumstance A, a user places a stop limit order for a closing position.
Users open a long position at around average US$10,000 and expect to sell at US$8,000 to stop loss when the market price falls. You can set up according to the following parameters:
If you place a Stop Limit order:
[Trigger Price]: $9,000
[Order Price]: $8,950 (This suggests that you set up a lower price than trigger price to guarantee to fill immediately or by the market price.)
If the price falls below $9,000, it will trigger to sell at the price to close the position before $8,950.
If you place a Stop Market order, it will be matched immediately at the best available price.
If you want to make a profit, you should set up a trigger price higher than $10,000.
Circumstance B: when a user places a stop limit order for a short position:
Users open a short position around an average US$10,000, and expect to buy at US$11,000 to avoid loss when the market price mounts.
You can set up according to the following parameters:
If you place a Stop Limit order:
[Trigger Price]: $10,000
[Order Price]: $11,050 (This suggests that you set up a higher price than the trigger price to guarantee to fill immediately or at the market price.)
If the price thrusts to $11,000, it will trigger to sell at the price to close the position before $11,050.
If you place a Stop Market order, it will be matched immediately at the best available price.
If you want to take profit, you should set up a trigger price lower than $10,000.
4. Stop Market Order: Similar to a Stop Limit Order, a Stop Market Order uses a stop price to trigger the trade. However, when the stop price is reached, the market order will be triggered immediately.
