#OrderTypes101

Here we will provide a brief explanation about order types 101..

Simply put, after consulting experts in this field, experienced individuals, here is the simplified explanation.. It is a topic related to the types of orders in trading on cryptocurrency platforms, (like Binance) for example.

There are several types of orders that can be used in trading, and they are first ...

Common order types.

- -Market Order: The order is executed at the current market price.

Secondly ...

- -Limit Order: The order is executed at a pre-defined price.

Thirdly ...

- -Stop-Limit Order: The order is executed when the price reaches a pre-defined price...

Fourthly ... which is partial

- -Stop-Market Order: The order is executed at the market price when the price reaches a pre-defined price.

Advanced order types: there are only two.

First:

--Trailing Stop Order: The order is executed when the price moves in the opposite direction of the trade.

Secondly:

--Cancel If Not Filled Order: The order is canceled if it is not executed within a specified time period ... and that is all for now.