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What types of orders exist in Spot Trading?

Updated over 2 months ago

The Spot market offers different types of orders to adapt to different strategies and experience levels:

Market order (Market)

• Executes the buy or sell immediately at the best available price.

• Prioritizes speed over exact price.

• May present small variations in the final price due to market liquidity.

Limit order (Limit)

• Allows setting the exact price at which you want to buy or sell.

• The order is executed only if the market reaches that price.

• Offers greater control, but does not guarantee immediate execution.

Stop-Limit order

• Activates when the price reaches a defined stop level.

• When activated, it automatically places a limit order.

• It is useful to protect profits or limit losses.

Stop-Market order

• When the stop price is reached, a market order is executed.

• Prioritizes fast execution over exact price.

OCO order (One Cancels the Other)

• Combines two orders:

◦ One take-profit order.

◦ One stop-loss order.

• When one is executed, the other is automatically cancelled.

• It is a key tool for risk management.

The availability of order types may vary depending on the exchange and the trading pair.

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