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Exclusive Traders Guide: 7 Types Of Orders In Cryptocurrency Exchanges

If you are a Crypto Trader  looking to enhance your trading skill, then this blog is exclusively for you

Market Order

Market Order is the instruction to buy/sell assets instantly in the market value.

Limit order

Limit order is the instruction given to the exchange to wait for some time until the described value hits.

A limit order is always closed by market order

Stop – Loss Order

Stop – Loss order is designed entirely to protect traders from significant losses. It is a kind of limit order, one can predefine the price of an asset but it will not be added in the order book

Stop – Limit Order

Stop – Limit Order is the same as the stop loss order but you can define stop price as well as limit price. It lets you set a limit between the range of values.

One Cancels the Order (OCO)

It is the kind of tool where one can combine two orders and a trader can execute one  among them which is most  favourable for the market. then the other order cancelled automatically.

Immediate or Cancel (IOC)

It facilitates users to cancel the orders which are not filled. If you order 20 BTC but at the execution price, you only get 10 BTC, the rest of the order would be closed.

Kill or Fill Orders (FOK)

Fill or Kill facilitates to fill the order immediately or cancel it. If a trader orders 20 BTC, If half of the order is filled in a certain time, the entire order would be cancelled.

Explore in detail about these types of orders and more about market makers and market takers here: 7 Different Order Types

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