#OrderTypes101 Understanding the Basics of Crypto Trading Orders.
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No-1 Market Order
A market order executes immediately at the best available price. If you're in a hurry to buy or sell a coin(any), this is your go-to. It's fast but doesn’t guarantee the exact price — only that the order will fill.
🔹 Limit Order
A limit order lets you set the price you want to buy or sell. For example, if a coin(any) is trading at $0.10, but you want to buy at $0.08, you can place a limit buy order. It will execute only when the market hits your price.
🔹 Stop-Loss Order
This is for risk management. If you’re holding coin (any)and want to avoid a big loss, you can set a stop-loss at $0.07. If the price drops to that level, your order will automatically sell to limit your loss.
🔹 Take-Profit Order
The opposite of stop-loss. If you bought a coin at $0.08 and want to sell when it hits $0.12, you can place a take-profit order to lock in gains automatically.
🔹 OCO (One Cancels the Other)
This combines a stop-loss and take-profit in one smart setup. If coin hits one of the two targets, the other is canceled. Great for automated strategy-based trading.
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