We have 3 different order types. They are: LIMIT, MARKET, and STOP.
1. Limit - You can set your own price.
2. Market - You are trading at the market price.
Stop Limit - You can set a “stop” price where the platform will execute your order at a stop price or better. For example, you can set a stop price as 1 and price at 1.2. Once it reaches 1.2, it will execute your order. However, if it exceeds 1 but does not reach 1.2 and the price starts receding, the platform will execute your order at price 1.
Stop Market - You can set a "stop" price where the platform will execute your order as soon as the currency reaches the "stop" price.