{"id":61609,"date":"2026-09-03T17:03:42","date_gmt":"2026-09-03T09:03:42","guid":{"rendered":"https:\/\/www.vtmarkets.com\/en-ca\/uncategorized\/order-definition\/"},"modified":"2026-09-03T17:03:42","modified_gmt":"2026-09-03T09:03:42","slug":"order-definition","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/trading-glossary\/order-definition\/","title":{"rendered":"Order Definition"},"content":{"rendered":"

What Is an Order?<\/strong><\/h2>\n

An order is an instruction to buy or sell an asset, either at a specific price or within a defined range. It’s the basic mechanism through which trades are placed, whether through a broker, dealer, exchange or online trading platform.<\/p>\n

How Orders Are Placed<\/strong><\/h2>\n

Most online trading today happens through a platform that routes the order electronically, though some traders still deal directly with a broker or dealer. Regardless of the route, the order specifies what to trade, how much, and under what price conditions, before it’s matched against the market or another party’s order.<\/p>\n

Different Types of Orders<\/strong><\/h2>\n

Orders generally fall into categories such as market orders, which execute immediately at the current price, and pending orders, which only execute once a specified price level is reached. Each type suits different trading approaches.<\/p>\n

Not Every Order Guarantees Your Price: What to Keep in Mind<\/strong><\/h2>\n

As a precaution, placing an order doesn’t guarantee it will be filled at the exact price requested, particularly in fast-moving or thinly traded markets where slippage can occur. Understanding the order type used helps set realistic expectations.<\/p>\n

The Instruction Behind Every Trade<\/strong><\/h2>\n

Every trade begins with an order, the simple instruction that tells the market what a trader wants to do. Understanding how different order types work, and how each is actually carried out, is a foundation for trading with more confidence.<\/p>\n

\u26a0 Risk Warning:<\/strong>CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. Ensure you fully understand how CFDs work and whether you can afford to take the high risk of losing your money.<\/p>\n","protected":false},"excerpt":{"rendered":"

What Is an Order? An order is an instruction to buy or sell an asset, either at a specific price or within a defined range. It’s the basic mechanism through which trades are placed, whether through a broker, dealer, exchange or online trading platform. How Orders Are Placed Most online trading today happens through a Continue Reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[125],"class_list":["post-61609","post","type-post","status-publish","format-standard","hentry","category-trading-glossary","tag-trading-basics"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\n\t\t