#OrderTypes101
Types of Trading Orders
When trading on exchanges or cryptocurrency platforms, there are several types of orders and various methods that help you execute your strategy accurately.
Understanding these orders is essential for managing risks and achieving your goals.
Market Order: Immediate execution at any price.
- Limit Order: Execution only at a specified price or better.
- Stop Order: Executes as a market order at a specified price (for protection or entry).
- Stop Limit Order: Becomes a limit order when the stop price is reached.
Understanding these basic types is essential for risk management and successfully executing your trading and investment strategies.
