#OrderTypes101 : How to Choose the Most Suitable Order Type for Yourself in 2025?

In the world of trading, speed and control are your best allies. Choosing an order type is essentially giving a clear instruction to the market: do you value immediate execution or precise pricing more?

Market Order – Buy/Sell immediately at the best available price in the current market. Suitable for scenarios that require high speed, but be aware of potential slippage.

Limit Order – You set the maximum price for buying or the minimum price for selling. Helps control the final execution price, but if the market does not reach your price, the order may not be executed.

Stop Order / Stop-Loss – When the price reaches the set trigger price, the order becomes a market order. Commonly used for stopping losses or locking in profits.

Stop-Limit Order – Combines stop loss and limit order: after the trigger price is reached, the order becomes a limit order. Provides stronger control but also carries the risk of not being executed.

Day Order – Valid only for the current trading day, automatically canceled after the market closes.

Good-Till-Cancelled (GTC) – The order remains valid until executed or manually canceled. Suitable for long-term strategies.

Fill-or-Kill (FOK) – Either fill the order completely immediately or cancel it entirely.

Immediate-or-Cancel (IOC) – The executable part is filled immediately, and the remaining part is automatically canceled.

Choose the appropriate order type based on your trading strategy and current market conditions – make every trade more precise!