Course Content
Understanding the Different Order Types
When you’re trading stocks or cryptocurrency, you interact with the market by placing orders: A market order is an instruction to buy or sell immediately (at the market’s current price). A limit order is an instruction to wait until the price hits a limit or better price before being executed That’s orders in a nutshell. Of course, each of these two categories has different variations that do different things, depending on how you want to trade. Curious? Read on.
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Introduction
Market order vs. limit orders
What you need to know about market orders
Common types of orders
Stop-limit orders
One-cancels-the-other (OCO) orders
What’s time in force?
Closing thoughts
Understanding the Different Order Types
About Lesson

Mastering the types of orders is vital to good trading. Whether you want to use stop orders to limit the potential for loss, or OCO orders to plan for different outcomes simultaneously, being aware of the trading tools available to you is essential. 

Want to know more about order types? Check out our Q&A platform, Ask Academy, where the Binance community will answer your questions.
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