What is a Trigger Order?

btcc.comBTCC Support21 days ago

A trigger order is an order type that involves presetting an order price and its triggering conditions. Once the latest market price meets the specified trigger price, the system automatically executes the order at the predetermined price. Trigger orders facilitate setting your desired buying and selling levels in advance, enabling you to automatically secure profits or limit losses without constantly watching the market.

 

‭• Trigger Price: When the latest price reaches the trigger price, the order will be triggered to be placed at a predetermined order price, awaiting execution.

 

‭• Buying Price or Selling Price: This is the price at which you will buy or sell. Once a trigger order is triggered, it will be placed at the preset order price, which can be either a limit order or a market order.

 

‭• Order Amount: The order amount when the order is triggered.