Market Order: Executes immediately at the best available market price. Ideal for quick trades but may face slippage in volatile markets.
Limit Order: Allows you to set a specific price to buy or sell. The order only executes at the specified price or better, offering price control but no guaranteed execution.
Stop-Limit Order: Triggers a limit order when the market reaches a specified stop price. You set both a stop price (trigger) and a limit price (execution range). Useful for risk management but may not fill if the market moves too fast.
Stop-Market Order: Triggers a market order when the stop price is reached. Unlike stop-limit, it prioritizes execution over price precision, ensuring faster fills in volatile conditions.
Trailing Stop Order: A dynamic stop order where the stop price adjusts as the market price moves in your favor, locking in profits while limiting losses. The trailing distance is set by the user.
Post-Only Order: Ensures your limit order is added to the order book as a maker order (not matched immediately as a taker). If it would match instantly, it’s canceled. Useful for reducing fees.
One-Cancels-the-Other (OCO): Combines two orders (e.g., a limit order and a stop-limit order). If one executes, the other is canceled. Ideal for setting both take-profit and stop-loss levels.
Take-Profit Limit Order: A conditional order that places a limit order to secure profits when the market hits a specified price. Common in futures trading.
Take-Profit Market Order: Similar to take-profit limit but executes as a market order for faster fills when the trigger price is reached.
Best Bid Offer (BBO) Order: Allows setting take-profit or stop-loss based on the best bid/ask prices. Recently added for futures trading to provide more flexible TP/SL options.
