# Order Types: Market, Limit, ... The most common types of orders are **market orders**, **limit orders**, and **stop-loss orders**. ### **Market Order** A market order is an order to buy or sell a security, asset or cryptocurrency immediately. This type of order guarantees that the order will be executed, but does not guarantee the execution price. A market order generally will execute at or near the current bid (for a sell order) or ask (for a buy order) price. However, it is important for you as an investor or trader to remember that the last-traded price is not necessarily the price at which a market order will be executed. ### **Limit Order** A limit order is an order to buy or sell a security, asset or cryptocurrency at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. Example: You want to purchase shares of ABC stock for no more than $10. You could submit a limit order for this amount and this order will only execute if the price of ABC stock is $10 or lower. ### **Stop Order or Stop-Loss Order** A stop order, also referred to as a stop-loss order is an order to buy or sell a stock, asset or cryptocurrency once the price of the stock reaches the specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. ### **Buy Stop Order** A buy stop order is entered at a stop price above the current market price. Investors or Traders generally use a buy stop order to limit a loss or protect a profit on a stock, asset or cryptocurrency that they have sold short. A sell stop order is entered at a stop price below the current market price. Investors or Traders generally use a sell stop order to limit a loss or protect a profit on a stock they own. Are you missing an explanation? Then just contact us. {% content-ref url="/pages/-MaFgeI1DHeT7-scu40z" %} [Broken mention](broken://pages/-MaFgeI1DHeT7-scu40z) {% endcontent-ref %} Source: [SEC](https://www.investor.gov/introduction-investing/investing-basics/how-stock-markets-work/types-orders) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.crypticorn.com/trading-basics-for-beginners/order-types.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.