In this article:

1. Market order
2. Limit order
3. Take profit and Stop loss orders
   • Examples
4. Advanced order
   • Examples
5. Trailing order
   • Examples
6. OCO order
   • Examples
7. TWAP order
8. Glossary
9. Important notes

1. Market order

A Market order enables you to buy or sell an asset immediately at the best available price in the current market. It is mainly used by traders looking to execute a trade quickly.

To place a Market order on the Nexo Pro Spot Exchange, follow these steps:

1. Select a trading pair.

2. Pick either the Buy or the Sell option from the panel on the right side of the trading screen, depending on whether you want to buy or sell the Base asset.

3. Click on the Market order type.

4. Enter the amount you wish to trade.

Note: Market orders are executed using the available Bid/Ask prices, and the execution price may be affected depending on the order size.

2. Limit order

A Limit order allows you to set a specific minimum price for selling or maximum price for buying an asset, ensuring you do not pay more or receive less than this price. These orders are executed only when the market reaches your specified price or better.

Limit orders are not executed immediately and may never be filled if the specified price is not met. They are mainly used by traders who are not in a hurry and want to trade at a price different from the current market rate.

Nexo Pro offers the GTC (Good ‘Til Canceled) Limit order type. Such an order remains active until the asset trades at the designated price or better, whether partially or fully filled, or until you decide to cancel it.

Example: If you place a GTC Limit order to sell 1 BTC at a Limit price of 100,000 USDT and someone buys 0.5 BTC at that price, you receive 50,000 USDT. The remaining 0.5 BTC of this order stays active at 100,000 USDT until it sells or you cancel it.

This method ensures precise control over transaction prices but requires patience and monitoring of market movements to achieve desired outcomes.

To place a Limit order on the Nexo Pro Spot Exchange, follow these steps:

1. Select a trading pair.

2. Pick either the Buy or the Sell option from the panel on the right side of the trading screen.

3. Click on the Limit order type.

4. Enter the amount you wish to trade and the desired execution price.

3. Take profit and Stop loss orders

Take profit and Stop loss orders are strategic tools that help you manage risk and realize profits by setting specific price levels for executing trades. Here’s how they work:

• Take profit orders: These orders allow you to set a target price to close a position and exit with a profit. This eliminates the need to monitor the market constantly and manually close the position.

• Stop loss orders: These orders help minimize potential losses by setting a threshold on the acceptable loss amount. If the asset price reaches this price, the order is automatically executed.

Both order types enhance your ability to dynamically manage your Nexo Pro portfolio, allowing you to set buy or sell orders for specific price levels based on your trading strategy.

To place a Take profit or a Stop loss order on the Nexo Pro Spot Exchange, follow these steps:

1. Select a trading pair.

2. Pick either the Buy or the Sell option from the panel on the right side of the trading screen.

3. Click on Trigger orders and pick Take profit or Stop loss from the dropdown.

4. Enter the amount you wish to trade and the desired execution price. For a Buy Take profit order, set a price below the current market price and for a Sell Take profit, set a price above the current market price. Conversely, set a higher price for a Buy Stop loss and a lower price for a Sell Stop loss than the current market price.

Examples

Buy Take profit Order:

• Scenario: You want to buy BTC at a price lower than the current price of 100,000 USDT.

• Setup: Place a Buy Take profit order at 98,000 USDT.

• Outcomes:

• • If the price never drops to 98,000 USDT, the order remains pending.

• • If the price drops to 98,000 USDT or lower, the order executes, and you purchase BTC at a reduced price.
    

Sell Take profit Order:

• Goal: To realize profits by selling BTC at a price higher than the current rate of 100,000 USDT.

• Setup: Place a Sell Take profit order at 102,000 USDT.

• Outcomes:

• • If the price never reaches 102,000 USDT, the order remains pending.

• • If the price reaches or exceeds 102,000 USDT, the order executes, and you exit with a profit.

Buy Stop loss Order:

• Intent: To buy BTC if its price rises beyond a certain point above 100,000 USDT.

• Setup: Place a Buy Stop loss at 102,000 USDT.

• Outcomes:

• • If the price remains below 102,000 USDT, the order is not executed.

• • If the price exceeds 102,000 USDT, the order executes, allowing you to catch the upward trend.

Sell Stop loss Order:

• Goal: To limit losses by selling BTC if its price falls below 100,000 USDT.

• Setup: Place a Sell Stop loss at 98,000 USDT.

• Outcomes:

• • If the price stays above 98,000 USDT, the order will not execute.

• • The order executes if the price falls to or below 98,000 USDT, minimizing potential losses.

4. Advanced order

An Advanced order on the Spot Exchange combines the features of a Market order with the flexibility of setting a predetermined trigger price via Take profit/Stop loss orders. Essentially, you set a specific price, and once that price is reached or exceeded, the order is executed at the current market rate.

To place an Advanced order on the Nexo Pro Spot Exchange, follow these steps:

1. Select a trading pair.

2. Pick either the Buy or the Sell option from the panel on the right side of the trading screen.

3. Click on the Advanced order type.

4. Enter the amount of the currency you wish to buy or sell. Then, define your exit prices for the Stop loss and Take profit sub-orders. You can specify these as percentages or exact trigger prices. These orders are placed immediately but will only execute when the preset prices are reached.

5. After entering the details, a comprehensive order summary will be displayed, helping you understand the potential outcomes of your trade.

Examples

Using the Buy Advanced order option

• Example setup:

• • The current market price for 1 BTC = 100,000 USDT (you initially buy BTC at that price via a market order, part of the Advanced order)

• • Stop loss: Set at 95,000 USDT (5% price decrease)

• • Take profit: Set at 110,000 USDT (10% price increase)

• Possible outcomes:

• • If the price stays between 95,000 and 110,000 USDT without reaching these thresholds, the orders remain pending.

• • If the price reaches or exceeds 110,000 USDT, the Take profit order executes, and you realize a profit.

• • The Stop loss executes if the price drops to 95,000 USDT or lower, limiting your loss.

Using the Sell Advanced order option

Similar to the Buy option, you set conditions for both profit realization and loss minimization:

• Example setup:

• • Current Market Price for 1 BTC = 100,000 USDT (you initially sell BTC at that price via a market order, part of the Advanced order)

• • Stop loss: Set at 105,000 USDT (5% price increase)

• • Take profit: Set at 90,000 USDT (10% price decrease)

• Possible outcomes:

• • If the price fluctuates between 90,000 and 105,000 USDT without hitting these points, the orders stay pending.

• • If the price rises to 105,000 USDT or higher, the Stop loss triggers, and you would buy BTC at a higher price, expecting to catch the uptrend.

• • If the price falls to 90,000 USDT or below, the Take profit triggers, and you will buy back Bitcoin at a lower price.

5. Trailing order

A Trailing order combines the functionality of Take profit and Stop loss orders, allowing for more dynamic management of your trades. This order type automatically adjusts itself to follow the market price at a specified distance as long as the market moves in your favor.

To place a Trailing order on the Nexo Pro Spot Exchange, follow these steps:

1. Select a trading pair.

2. Pick either the Buy or the Sell option from the panel on the right side of the trading screen.

3. Click on Trigger orders and pick Trailing from the dropdown.

4. Enter the amount you wish to trade. Specify your Trailing distance as a fixed amount (Price Distance) or a percentage (% Distance) relative to the price. This sets the conditions for executing a Market order.

Examples

Using a Trailing Buy order:

Suppose you want to purchase BTC, and the current market price is 100,000 USDT. You set a Trailing Buy with a 10% distance:

• If BTC’s price drops to 88,000 USDT, the system recalculates the buy price to 96,800 USDT (10% above the lowest price reached).

• If the price then increases to 96,800 USDT, the order executes, allowing you to buy at this rate, which is lower than the initial price of 100,000 USDT.

Note: In the above example, let’s say that Bitcoin continued to decline after reaching a price of 88,000 USDT. If the price went to 85,000 instead, then there would be a new buy price that is 10% above 85,000 equal to 93,500 USDT per BTC.

Using a Trailing Sell order:

For selling, let’s say the current BTC price is 100,000 USDT, and you place a Trailing Sell with a 10% distance:

• If BTC’s price rises to 105,000 USDT, the system recalculates the selling price to 94,500 USDT (10% below the highest price reached).

• If the price then drops to 94,500 USDT, the order executes, enabling you to sell at this recalculated rate.

Note: In the above example, if the price of Bitcoin continued to rise after 105,000 USDT to, let’s say, 110,000 USDT, then the new selling price would be 100,000 USDT per BTC.

Combining Trailing with Stop loss or Take profit orders offers a strategic approach to trading that balances profit realization and risk mitigation. Take profit orders are designed to capitalize on upward price trends by setting a target to sell at a higher price for a profit. In contrast, Stop loss orders aim to minimize potential losses by setting a lower sell threshold. However, both orders are bound by the selected trigger price, limiting flexibility.

In contrast, a Trailing Sell order provides a more dynamic solution. It adjusts the selling price upward as the price of the asset increases, effectively realizing profits. If the market price declines, the Trailing Sell order holds the selling price at the highest level it reached. This method allows traders to benefit from price peaks without constantly adjusting their sell threshold.

6. OCO order

An OCO (One-Cancels-the-Other) order allows you to strategically place both a Limit Buy and a Stop order simultaneously. This dual order setup means that when one order is executed, the other order is automatically cancelled. This functionality is particularly useful for managing your portfolio more effectively, allowing for risk mitigation, profit realization, or timely market entry.

To place an OCO order on the Nexo Pro Spot Exchange, follow these steps:

1. Select a trading pair.

2. Pick either the Buy or the Sell option from the panel on the right side of the trading screen.

3. Click on Trigger orders and pick OCO from the dropdown.

4. Input the amount of the currency you want to trade. When buying, you can set the Limit price below the current price and the Stop price above. If you are selling, the Limit price has to be greater than the current price, and the Stop price has to be lower than the spot price. The system will execute the order that hits its preset price first and cancel the other.

Examples

Using the Buy OCO Order Option:

Suppose you want to buy BTC and the current spot price is 100,000 USDT. You could set a Limit order at 98,000 USDT to buy at a lower price and a Stop order at 102,000 USDT to enter the uptrend.

• If the price hits 102,000 USDT or higher, the Stop order executes, and the Limit order is cancelled.

• If the price drops to 98,000 USDT, the Limit order executes, allowing you to buy at a favorable price, and the Stop order is cancelled.

Using the Sell OCO Order Option:

For selling, suppose the current Spot price of BTC is 100,000 USDT. You could set a Limit order at 105,000 USDT to lock in profits and a Stop order at 98,000 USDT to cut losses.

• If the price reaches 105,000 USDT or more, the Limit order is executed, realizing profits, and the Stop order is cancelled.

• If the price falls to 98,000 USDT, the Stop order will be executed to minimize losses, and the Limit order will be cancelled.

7. TWAP order

The TWAP (Time-Weighted Average Price) order is an algorithmic trading strategy designed to execute trades at regular intervals over a specified period. This approach is particularly effective for executing large orders by dividing them into smaller, evenly spaced trades, thus potentially realizing a more favorable average rate by mitigating the impact of price volatility.

To place a TWAP order on the Nexo Pro Spot Exchange, follow these steps:

1. Select a trading pair.

2. Pick either the Buy or the Sell option from the panel on the right side of the trading screen.

3. Click on TWAP.

4. Enter the amount of currency you want to buy or sell. Specify the execution interval, which can be set in hours, minutes, or a combination of both. The order will use the current spot price for initial calculations, but you can adjust the amount based on your trading needs.

Example:

Suppose you want to buy 1 BTC using USDT from your Trading Balance. If the current market price of 1 BTC is 100,000 USDT, and you set a TWAP order over 6 hours and 15 minutes, the distribution will be approximately:

• Total USDT per hour: 100,000 USDT / 6.25 hours = ~16,000 USDT

• USDT every 10 minutes: 16,000 USDT / 6 = ~2,666.67 USDT

Note: Since the spot rate changes dynamically, the final amount of the asset you acquire might differ from what was initially displayed when placing the TWAP order. This is due to continuous changes in the market price during the order execution period.

8. Glossary

Active Debt: This represents the trader’s total debt for a given margin trade on the Spot Exchange.

Base/Quote assets: In trading exchanges, assets are paired where one asset (Base asset) is traded against another (Quote asset). The spot rate, or spot price, is the amount of the Quote asset needed to purchase one unit of the Base asset. For example, in the BTC/USDT trading pair with a spot rate of 100,000 USDT, BTC is the Base asset, and USDT is the Quote asset, meaning 1 BTC can be bought or sold for 100,000 USDT.

In Orders: Assets allocated In Orders are pending execution on the Spot Exchange and are considered locked. They remain in this state until their price targets are met or the user cancels the Limit order.

Order Book: The order book is a real-time list of all active buy and sell orders on the Spot Exchange, organized by price level. It shows the Bid price (the highest price buyers are willing to pay) and the Ask price (the lowest price sellers are willing to accept).

Outstanding Debt: This represents the debt acquired across the Trading Balance assets minus the Total Equity. In other words, the Outstanding Debt is the sum of all Active Debts.

Spot Rate: The spot rate, or spot price, is the current market price of an asset for immediate settlement. It reflects the live price based on current demand and supply, representing the price buyers are willing to pay and sellers are willing to accept.

Total Balance: This represents the total amount of all digital assets in the Nexo Pro Account, regardless of whether they originate from a debt or not.

Total Equity: This represents the total balance that you own in Nexo Pro minus all assets originating from debt.

Trading Balance: This balance is the sum of Total Equity and Outstanding Debt.

9. Important notes

• Nexo Pro is unavailable to clients residing in the United Kingdom.
• The content and examples presented in this article are for informational and educational purposes only and include no warranties. They should not be interpreted as financial advice or a recommendation to buy specific assets. Please note that digital assets are volatile, and the value of your investment can fluctuate based on market conditions. We advise you to trade responsibly.