> For the complete documentation index, see [llms.txt](https://flipper-3.gitbook.io/flipper-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://flipper-3.gitbook.io/flipper-docs/flipper-trading/order-types.md).

# Order Types

## <mark style="color:$primary;">Overview</mark>

Flipper supports multiple order types, allowing you to choose how and when your trades are executed.

The available order types depend on the selected trading product and market.

## <mark style="color:$primary;">Market Order</mark>

**Execute immediately**

A Market Order executes instantly at the best available market price.

Use a Market Order when you want to enter a position immediately and are willing to accept the current market price.

#### Example

* Current ETH price: **$4,200**
* You place a **Market Buy**
* Your position opens immediately at the best available price—for example, **$4,201**

## <mark style="color:$primary;">Limit Order</mark>

**Execute at this price or better**

A Limit Order executes only at your specified price or at a better price.

Use a Limit Order when you want to enter at a specific price or wait for a more favorable entry.

#### Example: Long

* Current ETH price: **$4,260**
* You set the buy price at **$4,240**
* The order waits until the market reaches **$4,240 or lower**
* If the market price is already **$4,233** when the order reaches the matching engine, it executes immediately because the available price is better than the one requested

## <mark style="color:$primary;">Stop Order</mark>

**Execute after this price is reached**

A Stop Order remains inactive until the specified trigger price is reached. It then activates and executes at the best available market price.

Use a Stop Order when you want to enter a position only after the market confirms the move.

#### Example: Long

* Current ETH price: **$4,233**
* You set the trigger price at **$4,240**
* The order remains inactive while the price is below **$4,240**
* Once the market reaches **$4,240**, the order activates and executes at the next available market price

## <mark style="color:$primary;">Additional Order Settings</mark>

Depending on the selected trading product, Flipper may also provide:

* Position Size
* Leverage
* Slippage Tolerance
* Take Profit
* Stop Loss

Flipper displays all execution details before you approve a transaction.

{% hint style="warning" %}
**Important** Before submitting an order, always review the selected market, position size, direction, estimated execution price, fees, leverage, and risk settings.
{% endhint %}