Order Types: Market, Limit, IOC, FOK

Liquidity taking vs making in plain language.

4 Lessons8m total

Market orders prioritise execution speed over price. Limit orders cap price but may rest unfilled. Immediate-or-cancel and fill-or-kill variants control partial fills.

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Course Overview

Liquidity taking vs making in plain language.

What You'll Learn

✓Core concepts explained with market context

✓Practical examples tied to real instruments

✓Risk-aware framing — educational only

✓Next-step links across the VegaDeck curriculum

Market orders prioritise execution speed over price. Limit orders cap price but may rest unfilled. Immediate-or-cancel and fill-or-kill variants control partial fills.

On lit venues and OTC wrappers, displayed depth may not equal available liquidity at size. Hidden iceberg orders change queue dynamics.

Read your broker’s order-handling and conflict disclosures. This is not execution advice.

Educational only · not investment advice · Risk disclosures

Curriculum

3 Lessons · 24m

1Bid-Ask Spreads and Visible DepthWhy the touch price is not always your fill price at size.8m▢

2Order Types: Market, Limit, IOC, FOKLiquidity taking vs making in plain language.8mContinue Learning

3Spreads, Slippage, and Total Transaction CostWhy backtests without costs lie gently.8m▢

Course Resources

↗BabyPipsbabypips.com ↗Forex Factoryforexfactory.com ↗CoinDeskcoindesk.com

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Educational only · not investment advice · Risk disclosures

Order Types: Market, Limit, IOC, FOK — VegaDeck