#OrderTypes101 crypto trading, order types define how and when a trade should be executed. Here's a list of the most common order types (along with a short explanation), followed by an image that visually represents them. I’ll also give a longer list of around 100 lines if you want a deep dive.
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🔑 Common Crypto Order Types
1. Market Order
Buys or sells immediately at the best available price.
2. Limit Order
Buys or sells only at a specific (or better) price.
3. Stop Order (Stop-Loss Order)
Triggers a market order when a certain price is hit.
4. Stop-Limit Order
Triggers a limit order instead of a market order when the stop price is hit.
5. Take-Profit Order
Sells (or buys) when a set profit price is reached.
6. Take-Profit Limit Order
Like a take-profit order, but uses a limit order instead of a market one.
7. Trailing Stop Order
Sets a moving stop price to lock in profits as the market moves.
8. Fill or Kill (FOK)
Executes immediately in full or not at all.
9. Immediate or Cancel (IOC)
Executes as much as possible immediately, and cancels the rest.
10. Good Till Cancelled (GTC)
Stays active until manually cancelled.
11. Good Till Time (GTT)
Expires at a preset time if not filled.
12. Post-Only Order
Ensures your order adds liquidity (stays on the book, not market-taken).