#订单类型解析 In cryptocurrency trading, 'Order Types' refers to the method you choose to buy or sell coins when placing an order at an exchange.
📘 Common Order Types
1️⃣ Market Order
Definition:
An order that is executed immediately at the best available price in the market.
Features:
• No need to set a price; it executes directly.
• Suitable for those who want to 'buy/sell immediately'.
Risks:
• When prices are volatile, it may incur slippage (worse than expected price).
Example:
You want to buy 1 BTC immediately; by choosing a market order, the system will execute at the current lowest selling price in the market.
2️⃣ Limit Order
Definition:
You set an 'ideal price'; the order will only execute when the market price reaches it.
Features:
• Control over execution price, lower risk.
• May not execute immediately; it waits for the market price to reach.
Example:
The current price of BTC is 68,000; if you want to buy at 65,000, you can place a limit order and wait for the price to drop.
3️⃣ Stop Order
Definition:
When the coin price drops to a certain 'trigger price', it automatically places a market or limit order.
Uses:
• Stop Loss: Prevents losses from expanding during a price crash.
• Chasing Gains: Waits until a certain price is broken before entering the market.
Types:
• Stop Market Order: Sells immediately at market price once triggered.
• Stop Limit Order: Places your set limit order once triggered (but may not execute).
Example:
You bought ETH for 2,500 USDT, and to stop losses, you set a stop order at 2,300. If the price drops to 2,300, the system sells for you.
4️⃣ OCO Order (One Cancels the Other)
Definition:
A dual protection mechanism that combines 'Take Profit + Stop Loss'; when one is triggered, the other is automatically canceled.
Example:
You buy BTC at 60,000 and can set:
• Take Profit Price: 65,000 (triggers sell for profit)
• Stop Loss Price: 57,000 (triggers sell for stop loss)
Whichever price is reached first, the other will be automatically canceled.
📌 Recommendations for Choosing Order Types
Your Needs Suitable Order
Want to buy/sell immediately Market Order
Want to wait for a good price Limit Order
Want to avoid losses from a crash Stop Order
Want to set profit and stop loss protection simultaneously OCO
