#OrderTypes101
1. Market Order
Buy or sell a cryptocurrency at the current market price.
Execution: The order is executed immediately at the best available price.
Example: Buy 1 BTC at the current market price.
2. Limit Order
Buy or sell a cryptocurrency at a specific price set by the trader.
Execution: The order is executed when the market price reaches the specified price.
Example: Buy 1 BTC at $40,000.
3. Stop-Limit Order
A combination of a stop-loss order and a limit order.
Execution: When the market price reaches the stop price, the order becomes a limit order.
Example: Sell 1 BTC at $38,000 (stop price) with a limit price of $37,000.
4. Stop-Market Order
A stop-loss order that executes as a market order when triggered.
Execution: When the market price reaches the stop price, the order is executed as a market order.
Example: Sell 1 BTC at $38,000 (stop price).
5. Take-Profit Limit Order
A limit order that executes when the market price reaches a specified profit target.
Execution: When the market price reaches the take-profit price, the order is executed as a limit order.
Example: Sell 1 BTC at $42,000 (take-profit price) with a limit price of $41,500.
6. Take-Profit Market Order
A market order that executes when the market price reaches a specified profit target.
Execution: When the market price reaches the take-profit price, the order is executed as a market order.
Example: Sell 1 BTC at $42,000 (take-profit price).
7. OCO (One Cancels the Other) Order
A combination of two orders, where one order cancels the other if executed.
Execution: When one order is executed, the other order is automatically canceled.
Example: Buy 1 BTC at $40,000 (limit order) and sell 1 BTC at $42,000 (take-profit limit order). If the buy order is executed, the sell order is automatically canceled.
8. Trailing Stop Order
A stop-loss order that adjusts its stop price based on the market price movement.
Execution: When the market price moves in the trader's favor, the stop price adjusts accordingly.
