#OrderTypes101

Market Order

Buy/Sell immediately at the best available price.

✅ Fast execution

❌ No control over price (can cause slippage)

> Example: You place a market order to buy 1 BTC → You get it at the current best price (e.g., $67,500), regardless of short-term price changes.

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2. Limit Order

Set the price at which you want to buy or sell.

✅ More control over price

❌ May not get filled if price doesn't reach your level

> Example: BTC is $67,500 but you place a limit buy order at $66,000. It will only execute if BTC drops to that price.

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3. Stop Order / Stop-Loss

Triggers a market order once a certain price is reached.

✅ Helps protect against losses

❌ Executes at market price (can slip in volatile markets)

> Example: BTC is $68,000. You set a stop-loss at $66,000. If BTC drops to $66,000, your sell order triggers at market price to limit further loss.