Commodity Market Order Types

Placing a commodity order involves a thorough understanding of the markets, specifications and parameters of the order. Along with the type of order and its execution. All of which are interconnected.

Since an erroneous order can prove expensive, it is therefore crucial that everything be done and reviewed with a sense of scrunity to eliminate any errors or miscalculations before entry. This makes the commodity broker the person to consult with, someone who you should clearly not hessitate to discover some greater depth of working knowledge from.

Not all exchanges are in the practice of accepting all types of orders. In fact, some type(s) of orders may not be accepted at certain exchanges.

• Market Order	• Fill Or Kill
• Limit Order	• Market On Open
• Market If Touched	• Market On Close
• Stop Order	• Good Til Cancelled
• Stop Close Only	• Straight Cancel Order
• Stop Limit	• Cancel Replace Order

Important - market orders are the first type to be filled on the trading floor, followed by stop orders which are then followed by limit orders.

Importance of Orders

Commodity Market Order Types