In cryptocurrency trading, order types determine how and when trades are executed on the exchange. The main types:
Market order: buying or selling at the current market price, executed instantly.
Limit order: setting a desired price for buying or selling, executed when the market reaches the specified price.
Stop order: activated when a certain price is reached, to limit losses or secure profits.
Take profit: automatic sale when a specified profit is achieved.
These orders help traders manage risks and strategies, adapting to the volatility of the crypto market.