#OrderTypes101 #OrderTypes101

Market Orders and Limit Orders

The simplest is the market order — as the name suggests, orders are executed immediately at the current market price. Note that in more volatile markets, such as cryptocurrencies, the system will match your order with the best possible price, which may differ from the price at execution.

A limit order will be executed at the price closest to the price you are willing to sell/buy and can be combined with other conditions to refine your trading decision.

Next, we have a trigger order, which automatically activates as soon as the price reaches a certain level. Market orders and limit orders operate in the same way, executed upon triggering.