An Immediate or Cancel Order (IOC) order is a great way to get your trade executed immediately, but there are a few things you should know before using one.First, an IOC order will cancel any unfilled portion of the order, so if you're looking to fill your entire order at once, this may not be the best option for you. Second, because an IOC order attempts to execute all or part of the order immediately, it may not always get the best price for your trade. And finally, if you're trading on a volatile market, an IOC order could result in some slippage (the difference between the expected price of your trade and the actual price).Overall, an IOC order can be a great tool for investors who want to get their trades done quickly and without having to worry about how long their orders will remain active in the market. Just remember that it's important to understand how this type of order works before using one in your own trading strategy.
