#OrderTypes101

Types of orders to trade cryptocurrencies.

Market Order executes buy/sell at the best current price quickly.

Limit Order allows buying below or selling above a specific price, executing only if the market reaches that value.

Conditional orders include Stop-Limit, which activates a limit order at a defined price ("stop"), and Stop Market, which activates a market order upon reaching the "stop" price, prioritizing quick exit.

Other orders are Trailing Stop, which adjusts the stop with the price to protect profits, and OCO (One-Cancels-the-Other), combining two orders (profit and stop), where one execution cancels the other.

Understanding these types of orders is essential for implementing effective trading strategies and managing risks.