To open a position you first need to create an order. In Movo you can create one of the following 2 types of orders:
- A market order allows you to buy or sell an asset instantly at the current market price. Its major advantage is the instantaneous speed of its execution. The drawback is that you cannot say for sure at which price exactly you are going to buy (or sell) the asset.
- Pending order lets you buy or sell the asset at a fixed predetermined price.