#OrderTypes101 Order types in trading on centralized (CEXs) and decentralized exchanges (DEXs) dictate how assets are bought or sold. **Market orders** execute instantly at current prices, ideal for quick trades but vulnerable to slippage. **Limit orders** set a specific price, executing only when matched, offering control but no guarantee. **Stop-loss orders** trigger sales at predefined prices to limit losses. **Take-profit orders** lock in gains at target prices. DEXs often use **swap orders** for direct token exchanges via smart contracts. Advanced types like **OCO (One-Cancels-the-Other)** combine strategies. Each suits different risk profiles, balancing speed, precision, and automation.