Quick Facts
- Limit Order: A limit order is an instruction to execute a trade at a specific price or better. You set the limit price, and the order will be filled when that price is reached.
- Market Order: A market order is an instruction to execute a trade at the current market price. Your order will be filled immediately, but you may not get the price you expected.
- Market If Touched (MIT): A market if touched order is a type of limit order that is triggered when a specific price is reached. It’s like a limit order, but it’s executed when the price reaches the trigger price.
- Stop Loss (SL): A stop loss order is an instruction to close a trade when it reaches a certain price. It’s usually used to limit potential losses.
- Take Profit (TP): A take profit order is an instruction to close a trade when it reaches a certain price, usually to lock in profits.
- Trailing Stop Loss: A trailing stop loss is a type of stop loss that moves the stop loss price in tandem with the price movement of the trade.
- One Cancels the Other (OCO): An OCO order is a combination of a buy stop and a sell stop. When one of the stops is triggered, the other stop is automatically cancelled.
- One Trigger the Other (OTA): An OTA order is a combination of a buy limit and a sell limit. When one of the limits is triggered, the other limit is automatically triggered.
- Bracket Order: A bracket order is a combination of a stop loss, a take profit, and a target price. It’s used to manage risk and lock in profits.
- Price Ladder: A price ladder is a graphical representation of the order book, allowing you to select a specific price for your order. It’s commonly used with market orders.
Gemini Active Trader Order Types Explained
What is Active Trader
Active Trader is a trading platform offered by Gemini that provides advanced trading tools and features for experienced traders. With Active Trader, users can access a range of order types, including limit orders, market orders, and stop-limit orders. Active Trader also provides real-time market data and trading insights, helping traders make informed decisions.
Gemini Active Trader Order Types
The following are the main Active Trader order types available on Gemini:
Limit Orders
Limit orders are used to buy or sell an asset at a specified price. For example, if you want to buy 1 Bitcoin at a price of $40,000, you can place a limit order to execute the trade when the market reaches that price. Limit orders are useful for traders who want to buy or sell an asset at a specific price, but are not urgent about executing the trade immediately.
Market Orders
Market orders are used to buy or sell an asset at the current market price. For example, if you want to buy 1 Bitcoin immediately, you can place a market order to execute the trade at the current market price. Market orders are useful for traders who want to execute a trade quickly, but may not get the best price.
| Order Type | Description |
|---|---|
| Limit Orders | Buy or sell at a specified price |
| Market Orders | Buy or sell at current market price |
| Stop-Limit Orders | Buy or sell when price reaches a specified level |
| Take-Profit Orders | Sell at a specified price to lock in profit |
| Stop-Loss Orders | Sell at a specified price to limit losses |
| Trailing Stop Orders | Sell when price moves a specified distance from highest price |
Limit Orders
Limit orders are used to buy or sell an asset at a specified price. For example, if you want to buy 1 Bitcoin at a price of $40,000, you can place a limit order to execute the trade when the market reaches that price. Limit orders are useful for traders who want to buy or sell an asset at a specific price, but are not urgent about executing the trade immediately.
Market Orders
Market orders are used to buy or sell an asset at the current market price. For example, if you want to buy 1 Bitcoin immediately, you can place a market order to execute the trade at the current market price. Market orders are useful for traders who want to execute a trade quickly, but may not get the best price.
Stop-Limit Orders
Stop-limit orders are used to buy or sell an asset when the price reaches a specified level. For example, if you want to sell 1 Bitcoin when the price reaches $45,000, you can place a stop-limit order to execute the trade. Stop-limit orders are useful for traders who want to limit their losses or lock in profits.
Take-Profit Orders
Take-profit orders are used to sell an asset at a specified price to lock in profit. For example, if you buy 1 Bitcoin at $40,000 and want to sell it when the price reaches $45,000, you can place a take-profit order to execute the trade. Take-profit orders are useful for traders who want to lock in profits and avoid giving back gains.
Stop-Loss Orders
Stop-loss orders are used to sell an asset at a specified price to limit losses. For example, if you buy 1 Bitcoin at $40,000 and want to sell it if the price falls to $35,000, you can place a stop-loss order to execute the trade. Stop-loss orders are useful for traders who want to limit their losses and avoid significant declines in asset value.
Frequently Asked Questions:
Gemini Active Trader Order Types FAQ
Frequently Asked Questions
Q: What are Gemini Active Trader Order Types?
A: Gemini Active Trader Order Types are the different market orders that can be executed by an investor or trader in the Gemini brokerage platform.
Q: What are the types of Active Trader Orders?
A: Gemini offers the following types of Active Trader Orders:
• Market Order: A market order to buy or sell a security immediately at a current market price.
• Limit Order: A limit order to buy or sell a security at a specified price up to a certain number of days before the requested time.
• Stop-Loss Order: A stop-loss order to sell a security when it drops below a certain price.
• Stop-Order: A stop-order to sell a security when it falls below a certain price.
• Market-On-Demand Order: A market-order that executes when the market order is matched with a buyer or seller.
• Fill Or Kill: An order type that fills the entire order as soon as it’s matched with a market execution.
Q: Can I specify multiple prices for a market or limit order?
A: Yes, you can specify multiple prices for a market or limit order.
Q: How do I adjust the price for a speed order?
A: To adjust the price for a speed order, select the “Close” or “Market-On-Demand” price from the Speed Order dropdown menu.
Q: What is the difference between a buy order and a sell order?
A: A buy order is used to purchase a security, while a sell order is used to sell a security.
Q: Can I take an executable spread order?
A: Yes, you can execute an executable spread order on Gemini.
Q: Can I get a commission for a market order?
A: Yes, you can get a commission for a market order.
Q: Are Gemini Active Trader Order Types available on mobile?
A: Yes, Gemini Active Trader Order Types can be accessed on the Gemini mobile app.
Additional Resources
Gemini Active Trader Order Types Explained
