#OrderTypes101 1. Market Order

• You buy or sell immediately at the best available market price.

• The fastest way to execute a transaction.

• The downside is the lack of control over the exact execution price — it may vary depending on liquidity.

2. Limit Order

• You set the price at which you want to buy or sell.

• The transaction will only be executed if the price reaches the established limit.

• Gives you more control, but the transaction may not be executed if the price does not reach the limit.

3. Stop Order / Stop-Loss

• An automatic order that activates after a specified price is reached.

• Mainly used to limit losses or secure profits.

• Example: you have BTC at $30,000, you set a stop-loss at $28,000 — if the price drops to $28,000, you automatically sell.

4. Stop-Limit Order

• A combination of stop and limit order.

• After reaching the stop price, the limit order is activated.

• Allows for more precise control over the execution price after the stop is activated.

5. Take Profit Order

• You set the price at which you want to automatically sell to realize a profit.

• Helps to realize profits without constantly monitoring the market.

6. Trailing Stop Order

• A stop-loss that follows the price, e.g., 5% below the current price.

• Protects profits by allowing the stop-loss to automatically move up as the price rises.

7. Iceberg Order

• Splits a large order into smaller parts that are gradually executed.

• Popular in large transactions to avoid impacting the market price.