Guides

Trading, explained honestly

Straight, practical answers: how to fund and withdraw, what's legal, and where to trade. Education only, first-hand where we can measure it.

Why an order gets rejected instead of filled Updated 5 Nov 2026

Why an order gets rejected instead of filled

How the four main rejection families work, what each one is protecting, and how to identify which one stopped your order.

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Trailing stops: a stop that moves one way only Updated 4 Nov 2026

Trailing stops: a stop that moves one way only

How a trailing stop derives its trigger from a high-water mark, why it only ever tightens, and why a narrow trail exits you in ordinary noise.

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Time in force: GTC, IOC and FOK in plain English Updated 3 Nov 2026

Time in force: GTC, IOC and FOK in plain English

How GTC, IOC and FOK control how long an order may wait, what each one does to your fill, and when a partial fill is allowed.

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Price impact: how your own order moves the price against you Updated 2 Nov 2026

Price impact: how your own order moves the price against you

Why a large order fills at a worse average price than the one you saw, why impact grows faster than size, and why exits cost more.

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Partial fills: when half your order is a position and half is still an order Updated 1 Nov 2026

Partial fills: when half your order is a position and half is still an order

How a partial fill works, what happens to the unfilled remainder, how it shifts your average entry price, and why partials hurt most on exits.

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Market depth: the difference between a price and a price you can get size at Updated 31 Oct 2026

Market depth: the difference between a price and a price you can get size at

How the order book stacks liquidity above and below the quote, why a tight spread can hide a thin ladder, and how to estimate the cost of size.

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How an order book works: the queue behind every price Updated 30 Oct 2026

How an order book works: the queue behind every price

Understand what bids, asks and price-time priority really are, and why the quoted price is only the top row of two competing queues.

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Stop-limit orders: two prices, and the gap they can fall into Updated 29 Oct 2026

Stop-limit orders: two prices, and the gap they can fall into

How a stop-limit order's trigger price and limit price work together, what happens when the market jumps past both, and when not filling is the point.

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Market order or limit order: choosing certainty of fill or certainty of price Updated 28 Oct 2026

Market order or limit order: choosing certainty of fill or certainty of price

Why every order type trades fill certainty against price certainty, how each one behaves in a thin book, and which mistake costs the most.

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Slippage: the gap between the price you clicked and the price you got Updated 27 Oct 2026

Slippage: the gap between the price you clicked and the price you got

Why fill prices drift from quoted prices, when the drift helps you, and the three conditions that reliably make it wider.

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