#OrderTypes101 In cryptocurrency trading, understanding the types of orders will help you manage better and avoid unnecessary risks. The three most common types of orders are Market Order, Limit Order, and Stop Order. A Market Order is used to buy/sell immediately at the market price – fast but may not be optimal in terms of price. A Limit Order allows you to set your desired price, only executing when the market price reaches that level. A Stop Order is often used to cut losses or take profits – when the price hits the set level, the order will be executed like a market order. Knowing how to combine different types of orders is an important skill for traders.