# Order Types on Delta Exchange

**URL:** <https://community.delta.exchange/t/order-types-on-delta-exchange/1632>\
**Category:** Get Started with Delta Exchange\
**Created:** [July 14, 2025, 10:29am UTC](https://community.delta.exchange/t/order-types-on-delta-exchange/1632 "2025-07-14T10:29:19Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Pranay\_G](https://avatars.discourse-cdn.com/v4/letter/p/53a042/32.png) [@Pranay\_G](https://community.delta.exchange/u/Pranay_G)\
**Post date:** [July 14, 2025, 10:29am UTC](https://community.delta.exchange/t/order-types-on-delta-exchange/1632/1 "2025-07-14T10:29:19Z")

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📘 **Understanding Order Types on Delta Exchange** 📘

Delta Exchange supports a variety of order types to help you trade smarter based on your strategy and risk appetite. Here’s a quick but detailed breakdown of each:

🔹 **Limit Order**  
A limit order lets you buy or sell at a specific price. Great if you want control over the price, but there’s no guarantee it will fill.  
✅ _Example:_ Buying BTC at $58,000 when it’s trading at $59,000. It’ll only execute if the price drops to your target.

🔹 **Market Order**  
This order type executes immediately at the best available price in the order book. It’s the fastest way to enter or exit a position — but you might get a less-than-ideal price during high volatility.  
✅ _Best for:_ Fast entries or exits when speed is more important than price.

🔹 **Stop Market Order**  
This acts like a market order, but only after a set trigger price (stop price) is hit.  
✅ _Common use:_ Setting stop-losses to automatically exit a losing position before it worsens.

🔹 **Stop Limit Order**  
Combines a stop order and a limit order. Once the stop price is triggered, a limit order is placed at your set limit price.  
✅ _More precise than a stop market_

🔹 **Trailing Stop Order**  
A dynamic stop order that “trails” the market as it moves in your favor. If the price reverses by your set trailing distance, a market (or limit) order is triggered.  
✅ _Ideal for locking in profits without manually adjusting your stop._ Set and forget.

🔹 **Take Profit Order**  
Automatically closes your position once a target profit price is reached.  
✅ _Great for securing gains while you’re away from the screen._  
Note: It uses a **limit order** , so price must hit your target to execute.

🔹 **Reduce Only**  
This ensures the order only reduces or closes your current position — it won’t increase it or open a new one.  
✅ _Prevents accidental over-leveraging or reversing positions._

🔹 **Basket Order**  
Place a single order to buy or sell multiple assets or contracts at once.  
✅ _Efficient for managing diversified portfolios or strategies across several tokens/futures._

🎥 Prefer watching? Check out this quick tutorial video for the full walkthrough: [YouTube](https://www.youtube.com/watch?v=yaauLeqk_ss)