#OrderTypes101

Here's a comprehensive guide to order types:

1. Market Order

- *Definition*: Buy or sell an asset at the current market price.

- *Example*: Buy 1 BTC at the current market price ($35,000).

2. Limit Order

- *Definition*: Buy or sell an asset at a specified price.

- *Example*: Buy 1 BTC at $30,000.

3. Stop-Loss Order

- *Definition*: Sell an asset when it falls below a specified price to limit losses.

- *Example*: Sell 1 BTC when it falls below $30,000.

4. Take-Profit Order

- *Definition*: Sell an asset when it reaches a specified price to lock in profits.

- *Example*: Sell 1 BTC when it reaches $40,000.

5. Stop-Limit Order

- *Definition*: Buy or sell an asset at a specified price after a stop price is triggered.

- *Example*: Buy 1 BTC at $35,000 when it reaches $30,000.

6. Trailing Stop Order

- *Definition*: Sell an asset when it falls below a specified percentage or amount from its peak price.

- *Example*: Sell 1 BTC when it falls 10% below its peak price.

7. Fill-or-Kill (FOK) Order

- *Definition*: Buy or sell an asset at a specified price, with the entire order filled immediately or canceled.

- *Example*: Buy 1 BTC at $35,000 FOK.

8. Immediate-or-Cancel (IOC) Order

- *Definition*: Buy or sell an asset at a specified price, with any unfilled portion canceled immediately.

- *Example*: Buy 1 BTC at $35,000 IOC.

9. All-or-None (AON) Order

- *Definition*: Buy or sell an asset at a specified price, with the entire order filled or none of it filled.

- *Example*: Buy 1 BTC at $35,000 AON.

10. Iceberg Order

- *Definition*: Buy or sell a large quantity of an asset, with only a portion of the order visible in the market.

- *Example*: Buy 10 BTC at $35,000, with only 1 BTC visible in the market.

These order types can help you execute trades more effectively and manage risk. However, it's essential to understand the specifics of each order type and how they interact with market conditions.