#OrderTypes101

1. Market Order

> 👉 Buys or sells immediately at the current price.

✅ Fastest way to trade.

❗ Price might change a little while order is processing.

Example: “I want to buy $BTC right now at whatever the price is.”

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🔹 2. Limit Order

> 👉 You set the price you want to buy/sell.

✅ More control, better for planning.

❗ Order will only complete if the market reaches your price.

Example: “Buy $ETH when it drops to $3,000.”

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🔹 3. Stop-Limit Order

> 👉 Used to protect from loss or to enter market at breakout.

🛑 First price (stop) triggers the second price (limit).

❗ Needs two conditions to match.

Example: “If $SOL drops to $100 (stop), sell it at $98 (limit).”

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🔹 4. OCO (One Cancels the Other)

> 👉 Two orders at the same time: one stop-limit and one take-profit.

✅ If one is triggered, the other is cancelled.

❗ Good for planning both upside and downside.

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🧠 Tip for Beginners:

> Start with Market and Limit orders.

Once you learn risk management, use Stop-Limit and OCO for safety and planning.