#OrderTypes101

In cryptocurrency trading, many types of orders help investors implement strategies on centralized exchanges (CEX) and decentralized exchanges (DEX). Market Orders execute immediately at the current market price, ideal for quick trades but susceptible to slippage in volatile markets. Limit Orders allow you to set a specific buy or sell price, executing only when the market reaches that price, providing control but not guaranteeing execution. Stop Orders (or stop-loss orders) trigger a market or limit order when the price hits a set threshold, useful for risk management. Take Profit Orders lock in profits by selling at a target price. Stop-Limit Orders combine stop and limit orders, triggering a limit order at the stop price, balancing control and risk. Trailing Stop Orders adjust the stop price as the market fluctuates, protecting profits. Iceberg Orders hide the size of large orders, revealing only a small portion to minimize market impact. Each type of order suits different strategies, risk tolerance, and market conditions, with CEX offering more advanced options compared to DEX.

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