Category

Execution Plumbing

These terms cover basic market structure concepts that affect how orders get executed.

How to recognize this theme

Words that appear when trades are routed and filled.

In a daily board, this category groups terms by their shared role. Look for four cards that describe the same mechanism, risk area, or workflow rather than four words that merely sound similar.

Educational context

These entries are vocabulary notes for learning. They are not project endorsements, token recommendations, exchange rankings, or trading signals.

Slippage

Slippage is the difference between the price you expect and the price your order actually gets.

Limit Order

A limit order only executes at a specified price or better.

Order Book

An order book lists active buy and sell orders waiting to be matched.

Market Depth

Market depth measures how much liquidity sits near the current price without moving it too much.