Order types: market, limit, stop-loss and take-profit
An order is your instruction to buy or sell. There are a few kinds, and each one decides when and at what price it happens. Here they are with a coin priced at $100.
Updated Oct 31, 2026
Basahin sa FilipinoWhat is a market order?
A market order means buy or sell right now, at today’s price. It is the simplest kind: it happens straight away.
The coin is at $100. You place a market buy for $100. → You get 1 coin at about $100, immediately.
What is a limit order?
A limit order means only buy or sell at the price I choose, or better. It waits until the price gets there, and may never happen if it does not.
| You place | The coin is at $100, then… | What happens |
|---|---|---|
| Limit buy at $95 | falls to $95 | You buy at $95 |
| Limit buy at $95 | rises to $110 | Nothing: still waiting |
| Limit sell at $120 | rises to $120 | You sell at $120 |
What is a stop-loss order?
A stop-loss sells automatically if the price falls to a level you pick, so a loss cannot grow past it.
- 1You buy 1 coin at $100.
- 2You set a stop-loss at $90.
- 3The price drops to $90: the coin is sold for you.
- 4You lose about $10 (−10%) instead of watching it keep falling.
What is a take-profit order?
A take-profit is the opposite: it sells automatically when the price rises to your target, locking in the gain.
Bought 1 coin at $100. Take-profit at $120. The price reaches $120 → sold for you. You keep a $20 (+20%) profit.
How do they compare?
| Order | Happens when | Good for |
|---|---|---|
| Market | Right now | Getting in or out quickly |
| Limit | When the price reaches yours | Getting a better price |
| Stop-loss | When the price falls to your level | Capping a loss |
| Take-profit | When the price rises to your target | Locking in a gain |
Which orders does Tradeground use?
Tradeground uses market orders only for now: every buy or sell fills straight away at the last synced price, shown under the order button.
No limit or stop orders yet. To act at a price you choose, plan it ahead, or (with Pro) set a price alert and trade when it fires.