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Which orders are responsible for what, let's start with the Limit.
A limit order is a normal order that has two settings, two cells let's say: this is the quantity, this is the volume. In contracts which will be put in position. And look at what moment with a limit order, it will be placed only if you want to buy below the current price or sell above the current price, because the limit order is placed in the order glass. In turn, a glass of applications is roughly a list where there are all applications, and accordingly you can put your order only where there are already similar orders
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