Fill Or Kill (FOK)
This order type will only execute if there is enough liquidity to fill the entire order otherwise it automatically cancels.
How it is usedCarl has been looking to invest in ADA, and there seems to be enough liquidity for his order at the price he wants to buy. However, as he doesn’t want to move the price with his order, he sets a FOK order to target a particularly robust liquidity block - either the market liquidity can withstand his full order, or the order is never executed.
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