Order Types Explained - Market, Limit and Stop (PDF)

You placed a buy order and nothing happened. Or it filled at a price you never saw on the screen. Or your stop loss triggered and sold far below where you set it. The market did nothing strange. The order type did exactly what it was built to do.

This guide explains every common order type from zero: what each one does, where it waits compared with price now, and what you give up by choosing it. It is 41 pages, written for someone who has never traded, with every word explained before it is used.

Every order type is drawn with the words on the picture: one map of where buy and sell limits and stops wait compared with price, six small pictures of what a waiting order does when price moves, a big market order walking up an order book, the queue that decides whether a touched limit really fills, and a fast Dogecoin candle falling through a stop. A three-order plan is worked on a real XRP chart, then you plan two yourself, and it ends with a checklist to run before you send any order.

WHAT'S INSIDE

- Market, limit and stop orders: What each one does, drawn on real charts with the words on the picture.

- Where every order waits: One map: buy limits and sell stops below price, sell limits and buy stops above it.

- Stop-market against stop-limit: Why one always fills in a fast drop and the other can leave you holding.

- How often limit orders fill: Measured on ten coins: touched within one 1-hour candle 98.41% of the time, and what happened to the ones that were not.

- Brackets and time in force: One cancels the other, good 'til cancelled, immediate or cancel, fill or kill.

WHAT YOU'LL BE ABLE TO DO

- Choose the right order type for any job on purpose.

- Place a stop loss and a take profit on the correct side of price.

- Explain why a limit order did not fill, and what that can cost.

- Avoid four common order mistakes before they cost you.

AN HONEST NOTE

No guide can tell you what price will do next, and this one does not try. It contains no win rates, no profit figures and no promises. Educational, not financial advice.

Instant PDF download.