#note
Types of Orders in Crypto Trading
If you are new to crypto or want to trade more consciously, it's time to understand the basic types of orders. These are your tools for risk control and strategy.
🔹 Market Order
The simplest one. You buy or sell at the current price. Fast, convenient, but not always profitable — especially in low liquidity.
🔹 Limit Order
You specify the price at which you are willing to buy/sell. The order will execute only if the market reaches it. Complete control — but you might miss out on a trade if the price doesn't trigger.
🔹 Stop Order / Stop-Loss
The order triggers when the price reaches a specified level. It’s great for limiting losses or securing profits.
There is a subtype — Trailing Stop, which “moves” with the price to protect profits.
🔹 Take-Profit
Counterpart to stop-loss: you secure profit once the desired price is reached. Especially useful if you can't monitor the market 24/7.
🔹 OCO (One Cancels the Other)
Two orders in one: for example, stop-loss and take-profit. As soon as one triggers — the other is canceled. Convenient when automation is important.
Conclusion? The better you know the tools, the less the market controls you. Take control yourself.