#OrderTypes101 Types of Orders in Crypto Trading

Each order serves a strategy, helping you protect your capital, seize opportunities, and trade more accurately

1 - Market Order: you make an instant Buy or Sell at the best available price. Ideal for speed, but may experience slippage in high volatility. Good for those who are currently monitoring the market or the currency in question and are in a hurry, or have opened and seen the ideal price to buy or sell an asset.

2 - Limit Order: here you set the price! The order will only be executed when the market reaches that value. Perfect for those seeking control. For those who are not in a hurry and are not monitoring or cannot keep an eye on the market or the currency in question at the moment.

3 - Stop Order (Stop-Loss) is a Protection Tool! It activates an order (usually a sell) when a predefined price is reached, limiting losses.

4 - Stop-Limit Order is the Combination of stop and limit. It offers more control but may not be executed if the market moves too quickly.

5 - Trailing Stop is what Follows the price with a fixed distance and helps lock in profits as the market rises. Smart and automated!

6 - OCO Order (One Cancels the Other):

It is an order that consists of two limit or stop orders, where the execution of one automatically cancels the other.

7 - Protection Order:

Protects the execution of the order against changes in the market or against the execution of other orders with better prices in other markets.