Market Order
Executes the buy or sell immediately at the best available price at that moment.
Used when you want to enter or exit quickly, but it may involve slippage (execution at different prices than expected).
Limit Order
Set a specific price (or better) at which you are willing to buy or sell. It does not execute immediately; it waits for the market to reach it.
Stop-Limit Order
Defines two prices: stop (trigger), and limit (execution price).
When the stop price is reached, a limit order is triggered. It gives you control over losses or gains, although it does not guarantee execution.
Stop-Market Order
Similar to the stop-limit, but when triggered, it sends a market order, which executes at the best available price.
OCO Order (One‑Cancels‑the‑Other)
Combines two orders (for example, one limit and one stop-limit).
If one executes, the other automatically cancels, allowing you to manage opposing scenarios (price increase or decrease).
🕒 Time in Force in Spot
GTC (Good‑Til‑Canceled): the order remains active until it is executed or you manually cancel it.
IOC (Immediate‑Or‑Cancel): executes the available portion immediately and cancels the rest.
FOK (Fill‑Or‑Kill): it is fully executed instantly or completely canceled.