What types of orders are available on exchange #订单类型解析 ? Market orders and limit orders are the most common. Imagine you are in a hurry to buy a promising cryptocurrency; simply choose a market order, and the exchange will quickly execute the trade at the best available price in the market, straightforward and effective!

But if you are not in a rush and want to buy at a more favorable price, such as a lower price, then use a limit order. Set the price you desire, leave it there, and once the market price reaches your target price, the trade will be executed automatically.

In addition to these two types, there are also stop-loss orders and trailing stop-loss orders. A stop-loss order acts like a safety line for your investment, automatically selling when the price falls below a certain point, helping to avoid greater losses. A trailing stop-loss order is even smarter; it automatically adjusts the stop-loss level as the price rises, locking in profits—it's simply a tool for swing trading! Different order types cater to different trading strategies; when used correctly, they can make your investments more effective!