CFD dealers generally offer a range of market orders that can be used to either limit your losses or realise profits at specified levels. The more popular ones are listed below:

Market order
An order to buy or sell a specific CFD, to be filled immediately at the next quoted price. This is the most common of all order types.

Limit order
Specifies that a trade must be executed at a specific price. Limit orders are placed to enter the market or to protect profits. Because limit orders are not executed unless they reach the specified price, they may or may not be executed.

Stop order
An order used to close out an open position, reverse a position, or open a new position at a specified price. They are typically placed to limit losses, closing a position if a price drops or rises beyond the specified point.

Trailing stop order
A type of stop loss order that is set to follow price movements by specifying the distance that you would like your stop to move, depending on the market direction and type of stop order placed.

Order cancels order/One cancels the other (OCO)
After entry into the market, a limit for profit order and a protective stop-loss order can be placed. When either the limit or the stop order is executed, it will automatically cancel the other order. This allows traders to automatically execute specific trading strategies to limit losses and protect profits without having to constantly watch the market.

Parent and contingent/If-done order
Two separate orders that are linked by an if/then condition. The contingent order will not be subject to a fill until the parent is filled.

Guaranteed stop loss order
Guarantees that you will obtain your stop loss at the triggered value. There is generally an additional charge for this order, and there are minimum distances that orders must be placed away from the current price.