#TradingPairs101
**1. Market Order**
- *Executes immediately at the current market price.*
- Example: You want to buy BTC instantly → A market order fills at the best available price.
### **2. Limit Order**
- *Sets a specific price for buying/selling. Only executes when the market reaches your price.*
- Example: You place a buy order for BTC at $50,000 → The order fills only if the price drops to $50,000.
### **3. Stop-Limit Order**
- *Triggers a limit order once a "stop price" is hit.*
- Example: If BTC drops to $48,000 (stop price), a sell order activates at $47,500 (limit price).
### **4. OCO (One Cancels the Other)**
- *Places two orders (limit + stop-limit). If one executes, the other cancels automatically.*
- Example: Buy BTC at $50,000 (limit) OR sell if it hits $52,000 (stop-limit) → Only one order executes.
### **5. Iceberg Order**
- *Breaks a large order into smaller hidden chunks to avoid market impact.*
- Example: Selling 10 BTC but only showing 0.5 BTC at a time → Prevents price slippage.
### **Why It Matters?**
- **Market Orders** = Fast execution.
- **Limit Orders** = Better price control.
- **Stop-Limit** = Risk management.
- **OCO** = Flexible trading strategies.
- **Iceberg** = For large, stealthy trades.
