#OrderTypes101 **Order Types 101: Essential Tools for Smart Trading**

### **1. Basic Order Types**

- **Market Orders**

⚡ Instant execution (0.1-2% slippage risk)

💡 Best for high-liquidity pairs like BTC/USDT

- **Limit Orders**

🎯 Set exact entry/exit prices

💰 Saves 0.1-0.5% vs market orders

### **2. Advanced Options**

- **Stop-Loss (SL)**

🛡️ Essential for risk management

🔥 Triggers market order when hit

- **Take-Profit (TP)**

🏆 Locks in gains automatically

📊 Combine with SL for "bracket orders"

### **3. Specialized Types**

- **Iceberg Orders**

🧊 Large orders split into hidden chunks

🐋 Used by whales to avoid slippage

- **TWAP (Time-Weighted Average Price)**

⏳ Executes orders evenly over time

📈 Reduces market impact

### **4. Pro Tips**

• Use **post-only** limit orders to avoid taker fees

• **OCO (One-Cancels-Other)** combines SL+TP in one order

• DEXs offer **slippage tolerance** settings