In cryptocurrency trading, "order types" are the core tools for implementing trading strategies, affecting the efficiency and risk control of investors executing trades. The most common order types include "market orders," "limit orders," and "stop-loss orders." Market orders can be executed instantly, suitable for speed-oriented short-term traders, but may face slippage risks; limit orders allow setting an ideal price, ensuring a reasonable execution price, but may not be executed during rapid market fluctuations. Stop-loss orders are an important tool for risk management, used for automatic loss stopping to prevent losses from widening.
Additionally, many trading platforms today also offer advanced features such as conditional orders and trailing stop-loss orders, allowing investors to flexibly respond to different market situations. For beginners, understanding the characteristics of various order types can help avoid making wrong decisions in extreme market conditions.