$BTC

type determines how traders buy or sell assets. Market orders are executed instantly at the best available price. Limit orders allow you to set a specific price at which you want to buy or sell. Stop-loss orders help protect against losses by triggering a sale at a predetermined level. Take-profit orders secure profits when the price reaches your target. Advanced types include OCO (One Cancels Other), which combines stop-loss and limit strategies. Knowing the types of orders is crucial for risk management and precision in trading, especially in fast-moving markets like crypto or forex.