What percentage of trades are successfully executed?
Successful order execution is when the order is executed at the requested price or better.
Market and limit can further break these down orders:
When an order has been executed, we refer it to as being “filled” or a filled order“.
We can use market and limit orders as entry orders (that open a new position).
The can also be closing orders (that close an existing position).
A market order is an instruction from a trader to their broker to execute a trade immediately at the best available price.
A limit order is an instruction to execute a trade at a level that is more favorable than the current market price.
Limit orders allow you to specify the minimum price at which you will sell or the maximum at which you will buy.
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