What are the different types of orders available when trading onUnswaps ?
When trading on Uniswap, there are three different types of orders available: limit orders, market orders, and stop-limit orders.
Limit Orders: Limit orders allow users to set a specific price at which they would like to buy or sell a token. If the order is not filled at the specified price, it will remain open until it is filled or cancelled. Market Orders: Market orders are executed immediately at the best available price.
This type of order is useful for traders who want to buy or sell tokens quickly without having to wait for their limit order to be filled. Stop-Limit Orders: Stop-limit orders are similar to limit orders in that they allow users to set a specific price at which they would like to buy or sell a token. However, with stop-limit orders, the order will only be executed if the market reaches a certain price (the “stop” price).
This type of order is useful for traders who want to take advantage of sudden market movements without having to constantly monitor the markets.
