diff --git a/freqtrade/configuration/config_validation.py b/freqtrade/configuration/config_validation.py
index 87a309f12..c7f44c643 100644
--- a/freqtrade/configuration/config_validation.py
+++ b/freqtrade/configuration/config_validation.py
@@ -6,6 +6,7 @@ from jsonschema import Draft4Validator, validators
 from jsonschema.exceptions import ValidationError, best_match
 
 from freqtrade import constants
+from freqtrade.configuration.deprecated_settings import process_deprecated_setting
 from freqtrade.enums import RunMode, TradingMode
 from freqtrade.exceptions import OperationalException
 
@@ -102,11 +103,12 @@ def _validate_price_config(conf: Dict[str, Any]) -> None:
     """
     When using market orders, price sides must be using the "other" side of the price
     """
-    if (conf.get('order_types', {}).get('buy') == 'market'
+    # TODO-lev: check this again when determining how to migrate pricing strategies!
+    if (conf.get('order_types', {}).get('entry') == 'market'
             and conf.get('bid_strategy', {}).get('price_side') != 'ask'):
         raise OperationalException('Market buy orders require bid_strategy.price_side = "ask".')
 
-    if (conf.get('order_types', {}).get('sell') == 'market'
+    if (conf.get('order_types', {}).get('exit') == 'market'
             and conf.get('ask_strategy', {}).get('price_side') != 'bid'):
         raise OperationalException('Market sell orders require ask_strategy.price_side = "bid".')
 
@@ -213,6 +215,7 @@ def _validate_ask_orderbook(conf: Dict[str, Any]) -> None:
 def validate_migrated_strategy_settings(conf: Dict[str, Any]) -> None:
 
     _validate_time_in_force(conf)
+    _validate_order_types(conf)
 
 
 def _validate_time_in_force(conf: Dict[str, Any]) -> None:
@@ -229,3 +232,31 @@ def _validate_time_in_force(conf: Dict[str, Any]) -> None:
             )
             time_in_force['entry'] = time_in_force.pop('buy')
             time_in_force['exit'] = time_in_force.pop('sell')
+
+
+def _validate_order_types(conf: Dict[str, Any]) -> None:
+
+    order_types = conf.get('order_types', {})
+    if any(x in order_types for x in ['buy', 'sell', 'emergencysell', 'forcebuy', 'forcesell']):
+        if conf.get('trading_mode', TradingMode.SPOT) != TradingMode.SPOT:
+            raise OperationalException(
+                "Please migrate your order_types settings to use the new wording.")
+        else:
+            logger.warning(
+                "DEPRECATED: Using 'buy' and 'sell' for order_types is deprecated."
+                "Please migrate your time_in_force settings to use 'entry' and 'exit' wording."
+            )
+            for o, n in [
+                ('buy', 'entry'),
+                ('sell', 'exit'),
+                ('emergencysell', 'emergencyexit'),
+                ('forcesell', 'forceexit'),
+                ('forcebuy', 'forceentry'),
+            ]:
+
+                process_deprecated_setting(conf, 'order_types', o, 'order_types', n)
+            # order_types['entry'] = order_types.pop('buy')
+            # order_types['exit'] = order_types.pop('sell')
+            # order_types['emergencyexit'] = order_types.pop('emergencysell')
+            # order_types['forceexit'] = order_types.pop('forceexit')
+            # order_types['forceentry'] = order_types.pop('forceentry')
diff --git a/tests/exchange/test_exchange.py b/tests/exchange/test_exchange.py
index 1f6be2860..bb2408b5c 100644
--- a/tests/exchange/test_exchange.py
+++ b/tests/exchange/test_exchange.py
@@ -951,8 +951,8 @@ def test_validate_order_types(default_conf, mocker):
     mocker.patch('freqtrade.exchange.Exchange.name', 'Bittrex')
 
     default_conf['order_types'] = {
-        'buy': 'limit',
-        'sell': 'limit',
+        'entry': 'limit',
+        'exit': 'limit',
         'stoploss': 'market',
         'stoploss_on_exchange': False
     }
@@ -962,8 +962,8 @@ def test_validate_order_types(default_conf, mocker):
     mocker.patch('freqtrade.exchange.Exchange._init_ccxt', MagicMock(return_value=api_mock))
 
     default_conf['order_types'] = {
-        'buy': 'limit',
-        'sell': 'limit',
+        'entry': 'limit',
+        'exit': 'limit',
         'stoploss': 'market',
         'stoploss_on_exchange': False
     }
@@ -972,8 +972,8 @@ def test_validate_order_types(default_conf, mocker):
         Exchange(default_conf)
 
     default_conf['order_types'] = {
-        'buy': 'limit',
-        'sell': 'limit',
+        'entry': 'limit',
+        'exit': 'limit',
         'stoploss': 'limit',
         'stoploss_on_exchange': True
     }
diff --git a/tests/strategy/strats/hyperoptable_strategy.py b/tests/strategy/strats/hyperoptable_strategy.py
index e843f6b58..33734f241 100644
--- a/tests/strategy/strats/hyperoptable_strategy.py
+++ b/tests/strategy/strats/hyperoptable_strategy.py
@@ -34,8 +34,8 @@ class HyperoptableStrategy(IStrategy):
 
     # Optional order type mapping
     order_types = {
-        'buy': 'limit',
-        'sell': 'limit',
+        'entry': 'limit',
+        'exit': 'limit',
         'stoploss': 'limit',
         'stoploss_on_exchange': False
     }
diff --git a/tests/strategy/strats/strategy_test_v2.py b/tests/strategy/strats/strategy_test_v2.py
index fd70cf346..a9ca7d9e2 100644
--- a/tests/strategy/strats/strategy_test_v2.py
+++ b/tests/strategy/strats/strategy_test_v2.py
@@ -36,8 +36,8 @@ class StrategyTestV2(IStrategy):
 
     # Optional order type mapping
     order_types = {
-        'buy': 'limit',
-        'sell': 'limit',
+        'entry': 'limit',
+        'exit': 'limit',
         'stoploss': 'limit',
         'stoploss_on_exchange': False
     }
diff --git a/tests/strategy/strats/strategy_test_v3.py b/tests/strategy/strats/strategy_test_v3.py
index 962fd02e9..347d707bb 100644
--- a/tests/strategy/strats/strategy_test_v3.py
+++ b/tests/strategy/strats/strategy_test_v3.py
@@ -37,8 +37,8 @@ class StrategyTestV3(IStrategy):
 
     # Optional order type mapping
     order_types = {
-        'buy': 'limit',
-        'sell': 'limit',
+        'entry': 'limit',
+        'exit': 'limit',
         'stoploss': 'limit',
         'stoploss_on_exchange': False
     }
diff --git a/tests/strategy/test_strategy_loading.py b/tests/strategy/test_strategy_loading.py
index 8f407396c..6129272f1 100644
--- a/tests/strategy/test_strategy_loading.py
+++ b/tests/strategy/test_strategy_loading.py
@@ -223,8 +223,8 @@ def test_strategy_override_order_types(caplog, default_conf):
     caplog.set_level(logging.INFO)
 
     order_types = {
-        'buy': 'market',
-        'sell': 'limit',
+        'entry': 'market',
+        'exit': 'limit',
         'stoploss': 'limit',
         'stoploss_on_exchange': True,
     }
@@ -235,16 +235,16 @@ def test_strategy_override_order_types(caplog, default_conf):
     strategy = StrategyResolver.load_strategy(default_conf)
 
     assert strategy.order_types
-    for method in ['buy', 'sell', 'stoploss', 'stoploss_on_exchange']:
+    for method in ['entry', 'exit', 'stoploss', 'stoploss_on_exchange']:
         assert strategy.order_types[method] == order_types[method]
 
     assert log_has("Override strategy 'order_types' with value in config file:"
-                   " {'buy': 'market', 'sell': 'limit', 'stoploss': 'limit',"
+                   " {'entry': 'market', 'exit': 'limit', 'stoploss': 'limit',"
                    " 'stoploss_on_exchange': True}.", caplog)
 
     default_conf.update({
         'strategy': CURRENT_TEST_STRATEGY,
-        'order_types': {'buy': 'market'}
+        'order_types': {'exit': 'market'}
     })
     # Raise error for invalid configuration
     with pytest.raises(ImportError,
diff --git a/tests/test_configuration.py b/tests/test_configuration.py
index e2ab3c9b5..dde879f05 100644
--- a/tests/test_configuration.py
+++ b/tests/test_configuration.py
@@ -798,8 +798,8 @@ def test_validate_max_open_trades(default_conf):
 
 def test_validate_price_side(default_conf):
     default_conf['order_types'] = {
-        "buy": "limit",
-        "sell": "limit",
+        "entry": "limit",
+        "exit": "limit",
         "stoploss": "limit",
         "stoploss_on_exchange": False,
     }
@@ -807,21 +807,21 @@ def test_validate_price_side(default_conf):
     validate_config_consistency(default_conf)
 
     conf = deepcopy(default_conf)
-    conf['order_types']['buy'] = 'market'
+    conf['order_types']['entry'] = 'market'
     with pytest.raises(OperationalException,
                        match='Market buy orders require bid_strategy.price_side = "ask".'):
         validate_config_consistency(conf)
 
     conf = deepcopy(default_conf)
-    conf['order_types']['sell'] = 'market'
+    conf['order_types']['exit'] = 'market'
     with pytest.raises(OperationalException,
                        match='Market sell orders require ask_strategy.price_side = "bid".'):
         validate_config_consistency(conf)
 
     # Validate inversed case
     conf = deepcopy(default_conf)
-    conf['order_types']['sell'] = 'market'
-    conf['order_types']['buy'] = 'market'
+    conf['order_types']['exit'] = 'market'
+    conf['order_types']['entry'] = 'market'
     conf['ask_strategy']['price_side'] = 'bid'
     conf['bid_strategy']['price_side'] = 'ask'
 
diff --git a/tests/test_freqtradebot.py b/tests/test_freqtradebot.py
index b51637143..03a5b83be 100644
--- a/tests/test_freqtradebot.py
+++ b/tests/test_freqtradebot.py
@@ -91,8 +91,8 @@ def test_order_dict(default_conf_usdt, mocker, runmode, caplog) -> None:
     conf = default_conf_usdt.copy()
     conf['runmode'] = runmode
     conf['order_types'] = {
-        'buy': 'market',
-        'sell': 'limit',
+        'entry': 'market',
+        'exit': 'limit',
         'stoploss': 'limit',
         'stoploss_on_exchange': True,
     }
@@ -108,8 +108,8 @@ def test_order_dict(default_conf_usdt, mocker, runmode, caplog) -> None:
     conf = default_conf_usdt.copy()
     conf['runmode'] = runmode
     conf['order_types'] = {
-        'buy': 'market',
-        'sell': 'limit',
+        'entry': 'market',
+        'exit': 'limit',
         'stoploss': 'limit',
         'stoploss_on_exchange': False,
     }
@@ -3490,7 +3490,7 @@ def test_execute_trade_exit_market_order(
         'freqtrade.exchange.Exchange',
         fetch_ticker=ticker_usdt_sell_up
     )
-    freqtrade.config['order_types']['sell'] = 'market'
+    freqtrade.config['order_types']['exit'] = 'market'
 
     freqtrade.execute_trade_exit(
         trade=trade,
diff --git a/tests/test_integration.py b/tests/test_integration.py
index 70ee1c52c..9115b431b 100644
--- a/tests/test_integration.py
+++ b/tests/test_integration.py
@@ -80,7 +80,7 @@ def test_may_execute_exit_stoploss_on_exchange_multi(default_conf, ticker, fee,
     freqtrade = get_patched_freqtradebot(mocker, default_conf)
     freqtrade.strategy.order_types['stoploss_on_exchange'] = True
     # Switch ordertype to market to close trade immediately
-    freqtrade.strategy.order_types['sell'] = 'market'
+    freqtrade.strategy.order_types['exit'] = 'market'
     freqtrade.strategy.confirm_trade_entry = MagicMock(return_value=True)
     freqtrade.strategy.confirm_trade_exit = MagicMock(return_value=True)
     patch_get_signal(freqtrade)
@@ -173,7 +173,7 @@ def test_forcebuy_last_unlimited(default_conf, ticker, fee, mocker, balance_rati
     rpc = RPC(freqtrade)
     freqtrade.strategy.order_types['stoploss_on_exchange'] = True
     # Switch ordertype to market to close trade immediately
-    freqtrade.strategy.order_types['sell'] = 'market'
+    freqtrade.strategy.order_types['exit'] = 'market'
     patch_get_signal(freqtrade)
 
     # Create 4 trades