#OrderTypes101 An order is a basic tool for executing a trading operation. With its help, traders set the conditions for buying or selling an asset, automate transactions, and manage risks. Without understanding how orders work, it is difficult to expect systematic results in trading — especially in the cryptocurrency market, which is characterized by high dynamism and volatility.

An order in trading is a command to buy or sell an asset at a specified price. The trading platform executes the order only when the specified conditions are met — for example, if a purchase price is set below the current one, the transaction will occur automatically as soon as the quotes drop to the desired level.

Depending on their strategy, traders use different types of orders: market orders, limit orders, stop orders, and their derivatives. Each of them has its own execution mechanics and is applicable in specific market scenarios.