# Closing Orders

{% hint style="info" %}
Closing orders are activated and will be available for placing only after you create opening orders.
{% endhint %}

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Market

The position is closed at the market price, this type provides guaranteed closure, even in case of insufficient margin. The price of closing or reducing a position depends on the volume in the order book.

Limit

The position is closed at the limit price; this type does not provide guaranteed closure. The price of closing or reducing a position depends only on the set price.

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