#OrderTypes101 Common order types include market orders (immediate execution at the current price), limit orders (execution at a specified price or better), and stop orders (execution when a specific price is reached). These orders provide traders with different levels of control and risk management options.
The most common order types:
1. Market Order:
The order is filled at the current market price, ensuring immediate execution.
2. Limit Order: The order is only executed when the market price reaches the limit price or a better price.
3. Stop Order:
When the trigger price is reached, the stop order converts to a market order and is executed at the best available price.
4. Stop-Loss Order:
The order is triggered when the asset's price reaches a predetermined level, automatically selling the position.
5. Take-Profit Order:
The order is triggered when the asset's price reaches the profit target, automatically selling the position.
Other Order Types:
Immediate or Cancel (IOC): Executes as much of the order as possible immediately, with the remaining portion canceled.
Fill or Kill (FOK): The entire order must be filled immediately, or it is canceled.
Day Order: Expires at the end of the trading day if not filled.
Good Till Canceled (GTC): Remains active until filled or canceled by the trader. #BTC/USDT🔥 $SOL