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What is a conditional order?

A conditional order is an order that includes one or more specified criteria. Generally, conditional orders refer to more complex order types used in advanced trading strategies. These orders have no specified price criteria and are placed at the first available price, given following the order submission. FUMGO offers some standard conditional orders with certain criteria. These orders will typically be limit, stop and stop limit. A conditional order is the most basic form of trading automatization. Conditional order will turn to a deal or limit order when the user request price reaches a specified level.

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