Essentials – Market Order
What is a Market Order?
A market order is an order to buy or sell a cryptocurrency at the current market price. The goal of a market order is to
quickly execute the trade and take advantage of current market conditions. This order is performed immediately, and the
investor cannot specify a specific price for the transaction.
Volven has adjusted the market order slightly by adding a price limit to safeguard crypto traders. Instead of sending
the buy or sell order with no limit, we send it with a +5% or -5% limit. This avoids scenarios when the order book is
light and clients risk trading at extreme levels.
How to create a Marker Order in the Volven terminal.
Alternative 1:
- From the Ticker view:
- Select the Symbol you would like to trade
- Drag and drop the symbol to the “Market” Icon
- Inside the Limit Order Panel, fill in your desired
- Side (Buy or Sell)
- Size
You may also use the sliders to adjust Size.
Alternative 2:
- From the Ticker View
- Click on the “Market” icon
- Click on the “Market” icon
- Inside the Market Order Panel, fill in your desired
- Account
- Exchange
- Product
- Side
- Size
You may also use the sliders to adjust Size.
Let’s explain a buy example with the following parameters:
Symbol: BTC/USDT
Size: 0.02