The available order types
In the first phase, Limit Order and Market Order are available.
1. Limit Order:
A limit order is triggered at a price designated by you when entering the order, and it will be filled at the designated price or better. If the market price has not reached your designated price within the validity of order, the order will not be filled.
Examples: Assume the current market price is US $20：
BUY: If you submit a limit buy order at US $18, and later the market price drops to US $18, the limit buy order will be triggered and filled at a price no more than US $18 (assuming shares are sufficient to fill your order).
SELL: If you submit a limit sell order at US $22, and later the market price rises to US $22, the limit sell order will be triggered and filled at a price no less than US $22 (assuming shares are sufficient to fill your order).
Reminder: When the set limit price exceeds the latest price by +/- 20%, your orders may be canceled by the exchange.
2. Market Order:
A market order is an order that is executed at the current market price. Market orders are mainly used for quick transactions, but the transaction price is not guaranteed. The executed price may deviate greatly from the price when the order was placed. Investors need to place market orders cautiously.