Types of Orders & Execution
Professional trading requires mastering how and when your entries and exits access the market. An order type dictates exactly how the exchange's matching engine treats your interaction with liquidity.
In the 3D terminal above, visualize the complex routing logic behind advanced order types. Proper execution can be the difference between a highly profitable trade and a victim of severe slippage.
Market vs. Limit
The foundational division: taking liquidity immediately (Market) vs. resting passively to provide liquidity (Limit).
A Market Order guarantees execution but sacrifices price control, sweeping the book until filled (Taker Fee). A Limit Order guarantees your specified price (or better) but sacrifices the guarantee of execution if the price never reaches that level (Maker Fee).
Stop Loss vs. Stop Limit
Crucial risk management tools. A Stop triggers an action only when a specific price threshold is crossed.
A Stop Loss turns into a Market Order when hit, guaranteeing exit but exposing you to slippage in a crash. A Stop Limit turns into a Limit Order, guaranteeing your exit price but risking zero execution if the market plummets past your limit too fast.
Trailing Stop
A dynamic stop order that follows favorable price movements by a set percentage or pip amount.
If you buy at $100 and set a $5 trailing stop, it triggers at $95. If the price surges to $150, your stop automatically drags up to $145. It locks in profits dynamically while keeping the downside capped.
OCO (One Cancels the Other)
A pair of conditional orders where the execution of one side automatically cancels the surviving side.
The ultimate set-and-forget tool. You can place a Take Profit limit above the price and a Stop Loss below it simultaneously. Once either is filled, the exchange automatically deletes the other. Perfect for capturing breakouts.
IOC, FOK, GTC & Post-Only
Advanced Time-in-Force instructions for institutional-grade execution control.
IOC (Immediate or Cancel) fills whatever it can instantly and kills the rest. FOK (Fill or Kill) demands absolute total execution instantly or it entirely aborts. Post-Only completely rejects the order if it would execute immediately, guaranteeing you only ever pay the cheaper Maker fee. GTC (Good-Til-Canceled) rests indefinitely until filled.