On Lif3 Trade you got three different ways of interacting with your trades through different order types.
Order Types:
- Market
- Limit
- Trigger
Market Order:
A market order is an order to instantly buy or sell at the best available price.
Limit Order:
A limit order is an order you place on the platform with a specific limit price. It will only be executed if the market price reaches your limit price.
Trigger Order:
Take-profit and stop-loss orders can be set after opening a position.
There will be a "Close" button on each position row, clicking this will display the option to set trigger orders.
For a visual walkthrough, see the video below: