Using Order Book

In contrast to the "Make Your First Trade" section, where we guided you through placing a market buy order, what if the current share price seems too high and you want to buy at a lower price? Here’s how you can use our Order Book to set up buy and sell orders with a limit price.

Placing an Order

Buying Shares

• Select the market you’re interested in.

• Review the current ask prices in the order book to identify the best entry point.

• Decide on the price you’re willing to pay. If you want immediate execution, match the lowest ask price.

• Enter the number of shares you want to buy.

• Place your buy order. It will either match with an existing sell order or remain active until it finds a match.

Selling Shares

• Check the current bid prices in the order book to find the best selling opportunity.

• Choose your selling price. To sell quickly, match the highest bid price.

• Specify the number of shares you wish to sell.

• Submit your sell order. It will either match with a buy order or stay active until fulfilled.

Tracking Your Orders

Once you’ve placed an order, monitor its progress in the order book:

• Open Orders: Your active orders that haven’t been matched yet.

• Filled Orders: Orders that have been successfully executed.

• Partially Filled Orders: Orders that have been partially matched but still have shares remaining.

Modifying or Canceling Orders

If your order hasn’t been filled yet, you can adjust or cancel it:

• To Modify an Order: Change the price or quantity directly in the order book interface.

• To Cancel an Order: Select the order you wish to cancel and click “Cancel.”

Closing Your Position

When you’re ready to close your position, you have two options:

• Wait for Market Expiration: Hold your shares until the market concludes. If your prediction is correct, you’ll earn $1 per share.

• Sell Shares Early: Use the order book to sell your shares before the market ends, locking in profits or minimizing potential losses.