#OrderTypes101

Mastering order types is step one in building confidence on a crypto exchange. A market order executes immediately at the best price on the book, great for fast entries or exits but subject to slippage in thin markets. A limit order, by contrast, lets you name your price; it saves on spread costs but may remain unfilled if the market never touches your level. The stop-limit hybrid adds protection: once the stop trigger is hit your instruction turns into a limit order, allowing you to cap losses or capture breakouts with precision. Power users often combine two instructions in an OCO (One-Cancels-the-Other), placing target and stop simultaneously so that whichever fills first automatically removes the other. Knowing when to deploy each tool reduces emotional decisions and strengthens risk management.