#OrderTypes101

Here are the key cryptocurrency order types used in trading:

1. Market Order: Executes immediately at the current best available market price, prioritizing speed over price precision. Ideal for quick entry/exit but vulnerable to slippage in volatile markets .

2. Limit Order: Sets a specific price for buying (max price) or selling (min price). Executes only if the market reaches this price or better. Offers price control but no execution guarantee .

3. Stop-Loss Order: Triggers a market order to sell when an asset falls to a specified "stop price," limiting potential losses. Does not guarantee the exact exit price .

4. Stop-Limit Order: Combines stop and limit orders. When the stop price is hit, it triggers a limit order (not a market order). Provides price control but risks non-execution if the market moves rapidly past the limit price .

5.Trailing Stop Order : Dynamically adjusts the stop price as the asset's price moves favorably (e.g., trailing by a set %). Locks in profits while limiting downside risk .

6.Bracket Order: Places simultaneous take-profit and stop-loss orders around a position to automate profit-taking and loss mitigation .

These order types help traders manage execution, risk, and strategy in volatile crypto markets. Advanced variations like Fill-or-Kill (FOK) and Immediate-or-Cancel (IOC)also exist for large or time-sensitive trades .