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.