#OrderTypes101

What is a trade order?

A trade order is an investor's order to a broker or exchange to buy or sell cryptocurrencies, securities or other financial instruments at a fixed price or at the best available conditions. It forms the basis for trading on stock exchanges.

Trade orders are crucial to implementing investors' trading strategies and achieving their goals. They ensure that transactions are executed at the best available market conditions or specific rates set by the investor. This process can be done either manually or automated via trading platforms and algorithms.

If you are interested in trading different assets, understanding the different order types and how they work can help you trade successfully in the financial markets.

Order types on stock exchanges and brokers

In addition to various order conditions, there are the following order types:

Market Order

Limit Order

Stop Limit Order

Stop Loss Order

Trailing Stop Order

If Done Order

One Cancels the Other (OCO)

Next Order