#OrderTypes101

What are market orders, limit orders, stop limit orders?

When trading securities and cryptocurrencies, different order types and order additions play a central role. They regulate how and when the orders - i.e. the orders to buy or sell certain assets - are executed. In this guide, we explore the different order types on the stock exchange and in crypto trading. We explain how these order types work, their advantages and disadvantages, and how you can best use them for your trading strategy.

Order types determine the execution of an order in trading securities and cryptocurrencies and represent important tools for trading. In addition to the most common order types such as market orders, limit orders and stop limit orders, there are other options for buy and sell orders.

The special features of crypto trading include margin trading and timing. So, if you want to optimise your trading strategy and minimise risks, choosing the right order type is key.

What is a trade order?

A trade order is an investor's order to a broker or exchange to buy or sell cryptocurrencies, securities or other financial instruments at a fixed price or at the best available conditions. It forms the basis for trading on stock exchanges.

Trade orders are crucial to implementing investors' trading strategies and achieving their goals. They ensure that transactions are executed at the best available market conditions or specific rates set by the investor. This process can be done either manually or automated via trading platforms and algorithms.

If you are interested in trading different assets, understanding the different order types and how they work can help you trade successfully in the financial markets.

Market Order

Limit Order

Stop Limit Order

Stop Loss Order

Trailing Stop Order

If Done Order

One Cancels the Other (OCO)

Next Order

Market order

The market order is a direct buy order, which is an instruction to the broker to buy or sell a security immediately. This type of order has the highest priority and is executed immediately at the best available price.