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

# Order types

**Order types**

* Market: An order that executes immediately at the current market price
* Limit: An order that executes at the selected limit price or better

**Order options**

* Reduce only: An order that reduces a current position as opposed to opening a new position in the opposite direction 
* Good Til Cancel (GTC): An order that rests on the order book until it is filled or canceled 
* Fill or Kill (FOK): An order that will be canceled if it is not immediately filled
* Take Profit: An order that triggers when the Take Profit (TP) price is reached.
* Stop Loss: An order that triggers when the Stop Loss (SL) price is reached