Market
A Market order is intended to execute immediately against available liquidity. Use it when getting into or out of the position now matters more than controlling the exact fill price.Trade-off
The final execution price can differ from the price you saw before submitting, especially during fast moves or in thinner markets. That difference is one reason the slippage setting matters.Limit
A Limit order lets you specify the price you are willing to trade at. For a buy, you are setting the highest price you are willing to pay. For a sell, you are setting the lowest price you are willing to accept.Trade-off
A limit order gives you price control, but it may not fill at all if the market never reaches your price or if there is not enough matching liquidity. Unfilled limit orders remain visible under Open orders until they execute or you cancel them.Conditional
A Conditional order becomes active when its trigger condition is reached. This is useful when your trade idea only becomes valid after price reaches a certain level. Conditional orders are also the foundation for common exit logic such as take-profit and stop-loss instructions.Reduce only
Reduce only is not a separate entry strategy. It is a safety instruction for an order. When enabled, the order can only reduce an existing position. It should not increase the position or flip you from long to short, or vice versa. Use it when the intention is specifically to exit risk.Which one should I use?
Note: An order being submitted is not the same as an order being filled. Always check Positions, Open orders, and Trade history after placing an order.