#OrderTypes101 In cryptocurrency trading, there are several types of orders that can be used to buy or sell digital assets. Here are some common types of orders:

1. *Market Order*: A market order is an order to buy or sell a cryptocurrency at the current market price. It is executed immediately, and the transaction is completed at the best available price.

2. *Limit Order*: A limit order is an order to buy or sell a cryptocurrency at a specific price (the limit price). The order is only executed if the market price reaches the limit price.

3. *Stop Loss Order*: A stop loss order is an order to sell a cryptocurrency when it falls to a specific price (the stop price). It is used to limit potential losses if the market price falls.

4. *Take-Profit Order*: A take-profit order is an order to sell a cryptocurrency when it reaches a specific price (the take-profit price). It is used to lock in profits when the market price increases.

5. *Stop Limit Order*: A stop limit order is a combination of a stop loss order and a limit order. When the stop price is reached, the order becomes a limit order to buy or sell at the limit price.

6. *Trailing Stop Order*: A trailing stop order is an order to sell a cryptocurrency when it falls by a certain percentage or amount from its highest price. The stop price follows the market price as it moves in the trader's favor.#Spot #future trading