diff --git a/libs/deal-ticket/src/components/deal-ticket.tsx b/libs/deal-ticket/src/components/deal-ticket.tsx
index 8daf81b18..eeffb3220 100644
--- a/libs/deal-ticket/src/components/deal-ticket.tsx
+++ b/libs/deal-ticket/src/components/deal-ticket.tsx
@@ -43,22 +43,22 @@ export const DealTicket = ({
   const step = toDecimal(market.positionDecimalPlaces);
   const orderType = watch('type');
   const orderTimeInForce = watch('timeInForce');
-  const invalidText = useOrderValidation({
+  const { message, isDisabled: disabled } = useOrderValidation({
     step,
     market,
     orderType,
     orderTimeInForce,
     fieldErrors: errors,
   });
-  const isDisabled = transactionStatus === 'pending' || Boolean(invalidText);
+  const isDisabled = transactionStatus === 'pending' || disabled;
 
   const onSubmit = useCallback(
     (order: Order) => {
-      if (!isDisabled && !invalidText) {
+      if (!isDisabled) {
         submit(order);
       }
     },
-    [isDisabled, invalidText, submit]
+    [isDisabled, submit]
   );
 
   return (
@@ -118,9 +118,12 @@ export const DealTicket = ({
       >
         {transactionStatus === 'pending' ? t('Pending...') : t('Place order')}
       </Button>
-      {invalidText && (
-        <InputError className="mb-8" data-testid="dealticket-error-message">
-          {invalidText}
+      {message && (
+        <InputError
+          className="mt-12 mb-12"
+          data-testid="dealticket-error-message"
+        >
+          {message}
         </InputError>
       )}
     </form>
diff --git a/libs/orders/src/lib/order-hooks/use-order-validation.tsx b/libs/orders/src/lib/order-hooks/use-order-validation.tsx
index c5436b960..09733ac14 100644
--- a/libs/orders/src/lib/order-hooks/use-order-validation.tsx
+++ b/libs/orders/src/lib/order-hooks/use-order-validation.tsx
@@ -28,33 +28,105 @@ export const useOrderValidation = ({
 }: ValidationProps) => {
   const { keypair } = useVegaWallet();
 
-  const invalidText = useMemo(() => {
+  const { message, isDisabled } = useMemo(() => {
     if (!keypair) {
-      return t('No public key selected');
+      return { message: t('No public key selected'), isDisabled: true };
     }
 
     if (keypair.tainted) {
-      return t('Selected public key has been tainted');
+      return {
+        isDisabled: true,
+        message: t('Selected public key has been tainted'),
+      };
+    }
+
+    if ([MarketState.Cancelled, MarketState.Rejected].includes(market.state)) {
+      return {
+        isDisabled: true,
+        message: t(
+          `This market is ${market.state.toLowerCase()} and not accepting orders`
+        ),
+      };
+    }
+
+    if (
+      [
+        MarketState.Cancelled,
+        MarketState.Closed,
+        MarketState.Proposed,
+        MarketState.Settled,
+      ].includes(market.state)
+    ) {
+      return {
+        isDisabled: true,
+        message: t(
+          `This market is ${market.state.toLowerCase()} and only accepting liquidity orders`
+        ),
+      };
     }
 
     if (market.state !== MarketState.Active) {
       if (market.state === MarketState.Suspended) {
-        return t('Market is currently suspended');
+        if (market.tradingMode === MarketTradingMode.Continuous) {
+          if (orderType !== OrderType.Limit) {
+            return {
+              isDisabled: true,
+              message: t(
+                'Only limit orders are permitted when market is in auction'
+              ),
+            };
+          }
+
+          if (
+            [
+              OrderTimeInForce.FOK,
+              OrderTimeInForce.IOC,
+              OrderTimeInForce.GFN,
+            ].includes(orderTimeInForce)
+          ) {
+            return {
+              isDisabled: true,
+              message: t(
+                'Only GTT, GTC and GFA are permitted when market is in auction'
+              ),
+            };
+          }
+        }
+
+        return {
+          isDisabled: false,
+          message: t(
+            'This market is currently suspended and only accepting liquidity orders'
+          ),
+        };
       }
 
       if (
         market.state === MarketState.Proposed ||
         market.state === MarketState.Pending
       ) {
-        return t('Market is not active yet');
+        return {
+          isDisabled: false,
+          message: t(
+            'This market is not active yet and can accept only liquidity orders'
+          ),
+        };
       }
 
-      return t('Market is no longer active');
+      return {
+        isDisabled: true,
+        message: t('This market is no longer active.'),
+      };
     }
 
     if (market.tradingMode !== MarketTradingMode.Continuous) {
       if (orderType !== OrderType.Limit) {
-        return t('Only limit orders are permitted when market is in auction');
+        return {
+          isDisabled: true,
+          message: t(
+            'Only limit orders are permitted when market is in auction'
+          ),
+        };
       }
 
       if (
@@ -64,26 +136,41 @@ export const useOrderValidation = ({
           OrderTimeInForce.GFN,
         ].includes(orderTimeInForce)
       ) {
-        return t(
-          'Only GTT, GTC and GFA are permitted when market is in auction'
-        );
+        return {
+          isDisabled: true,
+          message: t(
+            'Only GTT, GTC and GFA are permitted when market is in auction'
+          ),
+        };
       }
     }
 
     if (fieldErrors?.size?.type === 'required') {
-      return t('An amount needs to be provided');
+      return {
+        isDisabled: true,
+        message: t('An amount needs to be provided'),
+      };
     }
 
     if (fieldErrors?.size?.type === 'min') {
-      return t(`The amount cannot be lower than "${step}"`);
+      return {
+        isDisabled: true,
+        message: t(`The amount cannot be lower than "${step}"`),
+      };
     }
 
     if (fieldErrors?.price?.type === 'required') {
-      return t('A price needs to be provided');
+      return {
+        isDisabled: true,
+        message: t('A price needs to be provided'),
+      };
     }
 
     if (fieldErrors?.price?.type === 'min') {
-      return t(`The price cannot be negative`);
+      return {
+        isDisabled: true,
+        message: t(`The price cannot be negative`),
+      };
     }
 
     if (
@@ -91,14 +178,20 @@ export const useOrderValidation = ({
       fieldErrors?.size?.message === ERROR_SIZE_DECIMAL
     ) {
       if (market.positionDecimalPlaces === 0) {
-        return t('No decimal amounts allowed for this order');
+        return {
+          isDisabled: true,
+          message: t('No decimal amounts allowed for this order'),
+        };
       }
-      return t(
-        `The amount field only takes up to ${market.positionDecimalPlaces} decimals`
-      );
+      return {
+        isDisabled: true,
+        message: t(
+          `The amount field only takes up to ${market.positionDecimalPlaces} decimals`
+        ),
+      };
     }
 
-    return '';
+    return { isDisabled: false, message: '' };
   }, [
     keypair,
     step,
@@ -110,5 +203,5 @@ export const useOrderValidation = ({
     orderTimeInForce,
   ]);
 
-  return invalidText;
+  return { message, isDisabled };
 };