> For the complete documentation index, see [llms.txt](https://velocity-1.gitbook.io/velocity-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://velocity-1.gitbook.io/velocity-docs/trading/order-types.md).

# Order types

Velocity supports three order types across the venues we route to.

## Market

Trades now at the best available price. Subject to slippage.

## Limit

Rests on the book at the price you set. Trades when the market crosses your price.

If your limit price would cross the spread on submit, it trades immediately as a taker. To avoid this, tick **Post Only**. The venue will cancel rather than let the order take.

## Trigger (TP / SL)

A conditional order that fires when mark price crosses your trigger.

* **Take Profit**: fires when price moves in your favour past the trigger.
* **Stop Loss**: fires when price moves against you past the trigger.

Each can execute as a market or a limit order when triggered.

## Bracket TP / SL

When placing a market or limit order, the panel exposes optional Take Profit and Stop Loss fields. Filling them in opens the position and arms both exits at the same time.

## Cancelling

Open orders show in the **Open Orders** tab at the bottom. Click cancel on any row.

TP and SL bracket orders cancel themselves when the position they protect closes.


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