#OrderTypes101 Understanding the types of orders is essential for trading cryptocurrencies effectively. A market order executes immediately at the best available price. In contrast, a limit order allows you to set a specific price at which you want to buy or sell—it is only executed if that price is reached. There are also stop orders (or stop-loss), used to limit losses by triggering an automatic sale if the price falls below a certain threshold. Mastering these types of orders helps you better manage your risks and define an effective strategy in a volatile market.