> ## Documentation Index
> Fetch the complete documentation index at: https://docs.turbo.co/llms.txt
> Use this file to discover all available pages before exploring further.

# Order types

> Market and limit orders — what each one does and when to use it.

Two order types cover almost everything you'll do on Turbo: market orders when speed matters, limit orders when price matters.

## Market order

A market order executes immediately at the best price available in the order book.

Because prices come from a live order book, you can see the market you're trading into before you tap confirm — the order screen shows you the expected fill. On a liquid market, a modest market order fills at or very close to the price on screen. On a thinner market, or with a large order, your order can consume several levels of the book and fill at an average price further from the top — that difference is slippage.

**Use it when:** you want in (or out) now, and the market is liquid enough that a few cents either way doesn't change your decision.

## Limit order

A limit order names your price: it only executes at that price or better. Set a buy limit below the current price, or a sell limit above it, and the order rests in the book until the market comes to it.

The trade-off is certainty of price for certainty of execution — if the market never reaches your price, the order never fills.

**Use it when:** you have a level in mind, you're trading a thinner market, or you're working a larger size and don't want to pay slippage.

## Protecting a position

Once a position is open, you can attach a [take profit and stop loss](/take-profit-stop-loss) so it closes itself at levels you choose — in profit or in loss — without you watching the screen.

## Related

* [Fees](/fees) — what each trade costs, shown before you confirm.
* [Markets](/markets) — how the order book sets the price.