Order types
Which order fits when.
2 min read · Updated: 2026-10-17 ·
Table
| Order | What it does | Upside | Downside |
|---|---|---|---|
| Market | Fills at once at the best price | Fast | Slippage, you pay the spread |
| Limit | Fills at your price or better | Price control | May never fill |
| Stop-loss | Closes the position at a price | Caps the loss | In a fast market may fill worse |
| Take profit | Locks profit at a target | Discipline | Price may stop short and reverse |
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