Order Types Basics
6 min read | Last reviewed: 9/24/2025 by GCP
Test Your Knowledge
What does a market order prioritize?
Loading...
6 min read | Last reviewed: 9/24/2025 by GCP
What does a market order prioritize?
An order type defines how your trade interacts with the order book.
Executes immediately against the best available prices. Prioritizes speed over price certainty.
Posts (or matches) at a specific price. Prioritizes price control over immediacy.
Turns into a market (or limit) order once a trigger price is touched. Useful for risk management.
"One Cancels the Other" — pair a take-profit with a stop-loss. When one fills, the other auto-cancels.
Skeleton lesson — extended scenarios coming in Phase 2.