Cryptocurrency trading has become a popular investment option for individuals looking to take advantage of the market’s volatility. With more and more cryptocurrency trading platforms emerging, traders have access to a range of features to help them buy and sell assets. However, navigating the cryptocurrency market can be complex and challenging, especially for new traders. That’s where the powerful Spot Order trading tools offered by Coinlocally, come in. In this article, we will introduce you to Coinlocally’s trading tools and Spot Order types, including Market Orders, Stop-Limit Orders, and OCO Orders. These tools can help traders make informed decisions and take advantage of the market’s volatility to maximize their profits. Quick Getaway: Looking for a platform that offers the best Cryptocurrency trading strategies? Sign up at Coinlocally to enjoy demo trading, which provides the best strategies for you as a crypto trader.  Table of Contents • What is an OCO Order Buy Example Sell Example • How do I place a Stop-Limit Order at Coinlocally? • What is Market Order? Buy Example Sell Example • How do I place a Market Order at Coinlocally? • What is Stop-Limit Order? Buy and Sell Example • How to Place a Stop-Limit Order at Coinlocally • What is a Limit Order? Buy Example Sell Example • How do I place a Limit Order at Coinlocally? • Conclusion What is an OCO Order? Among a range of Spot order types, One-Cancels-the-Other (OCO) order combines one Stop-Limit order and one Limit order, with the condition that if one is fully or partially fulfilled, the other is canceled. You place two orders at the same time, but when one of them is triggered, the other is canceled. As a result, only one of the orders can be carried out. For example, the price of BTC is 20,000 dollars. You can use an OCO order to buy 1 BTC when the price reaches $18,000 or sell it when the price rises to 22,000$. One of the orders will be executed first, meaning that the second one will be systematically canceled.  You may also want to know what an ICO is.    Buy Example For buy orders, you can set the Stop price above the current price and the Limit price below the current price. For instance, if the current market price of BTC is 20000, the Stop-Limit order will be triggered when the price goes up to 22000, and the Limit order will be canceled simultaneously. However, if the price drops to $18,000 or below, the Limit order will be executed automatically and the Stop-Limit order will be canceled. For buy orders, we recommend: • Stop-Loss Trigger Price (Stop-Limit) = Current Market Price   Sell Example For sell orders, you can set the Stop price below the current price and the Limit price above the current price. For example, if the price falls to $18,000, the stop-limit order will be triggered, and the limit order will be canceled at the same time. However, if the price goes up to $22000 or above, the limit order will be executed automatically and the Stop-Limit order will be canceled. For sell orders, we recommend: • Limit price > Current Market Price > Stop-Loss trigger price (Stop-Limit)   How do I place a Stop-Limit Order at Coinlocally? • [Login] to your account and go to the “Spot Trading” page.   • Select the OCO order type.   • Set your [price] (the limit order’s price), [Stop] price (Trigger Price of your Stop-Limit order), [Limit] price (Limit Price of the Stop-Limit order) and enter the amount of crypto you wish to purchase. Note: In the first box (Amount), you can see your asset values in BTC, and in the second box, you can see your asset values in USDT. You can also drag the bar to have the system automatically calculate your amount. • Now, you can click [Buy BTC] or [Sell BTC] to place your OCO order for buying and selling your assets. • Your OCO order will be placed in the order book, and you can see your order at the end of the Spot page in the [Open order] tab. When your order gets filled, you can see it in the [Order History] or [Trade History] tab. Note: We recommend setting the limit price closer to the Stop-Loss trigger price.   What is Market Order? A market order is a kind of Spot Order for buying or selling an asset immediately at the market’s current price. The order will be systematically executed at the current market price after you set it. You can switch between [Amount] and [Total] to buy or sell. [Amount] is recommended when you want to choose your specific quantity in BTC, and [Total] will be used when you want to choose your value in USDT.   Buy Example If the current market price in BTC is $20,000, your order will be filled at the best available price on the order book immediately. The system will match your order with the best available sell orders on the market. Due to your order’s direction, the average filled price of your order may not be exactly 20,000$. In a buy situation, the average filled price may be slightly above the current price.   Sell Example If the current market price in BTC is $20,000, your order will be filled at the best available price on the order book immediately. The system will match your order with the best available buy orders on the market. Due to your order’s direction, the average filled price of your order may not be exactly 20,000$. In a sell situation, the average filled price may be slightly below the current price.   How do I place a Market Order at Coinlocally? • Log in to your account and go to the “Spot Trading” page.   • Choose your asset, like the BTC/USD pair.   • Choose the “Market” order type.   • Enter your [amount] or [total]. Note: You can enter your