#OrderTypes101

#OrderTypes101

Understanding order types is key to smart crypto trading. The most common types are market orders, limit orders, and stop orders.

A market order buys or sells a crypto instantly at the best available price. It’s fast but can result in slippage, especially in volatile markets.

A limit order lets you set the exact price you want to buy or sell at. The trade only happens if the market reaches your set price, giving you control over the price but not the execution time.

A stop order (or stop-loss) helps manage risk. It triggers a market order when the price hits a certain level, helping you exit positions before bigger losses.

Some platforms also offer OCO (One Cancels the Other) orders, combining stop and limit orders.

Choosing the right order type depends on your trading strategy—whether you prioritize speed, price accuracy, or risk management.