#OrderTypes101 In crypto trading, various order types allow you to control how you buy or sell assets.
* Market Orders execute instantly at the best available price, offering speed but no price control.
* Limit Orders let you set a specific price to buy or sell at or better, offering price control but no guarantee of execution.
* Stop Orders (or Stop-Loss) trigger a market order when a set "stop price" is reached, primarily for limiting losses but with potential for slippage.
* Stop-Limit Orders combine a stop trigger with a limit order, providing more price control than a simple stop but still no execution guarantee.
* Trailing Stop Orders dynamically adjust the stop price as the market moves favorably, helping to lock in profits.
* One-Cancels-the-Other (OCO) Orders allow you to place two conditional orders (e.g., a profit target and a stop-loss) where one cancels the other upon execution.
Understanding these tools is crucial for strategic trading and risk management.