#OrderTypes101

Below are the basic order types that crypto traders enjoy during trading:

1. Market Order – Instantly buys or sells at the best available price.

2. Limit Order – Sets a specific price to buy or sell; only executes if the market reaches that price.

3. Stop-Loss Order – Automatically sells (or buys) once a certain price is hit to limit losses.

4. Take-Profit Order – Automatically closes your position when a set profit level is reached.

5. OCO (One Cancels the Other) – Combines a stop-loss and a take-profit; once one triggers, the other is canceled.

6. Post-Only Order – Ensures your order goes to the order book without instantly filling, helping you earn maker fees.

7. Good Till Canceled (GTC) – Stays open until it’s either filled or manually canceled.