#OrderTypes101

Knowing how to buy and sell is just as important as knowing what you are trading. Let’s explain in detail the four basic order types that every cryptocurrency trader should know:

🔵 Market Order

➡️ Instant buy/sell at the current market price

✔️ Fast execution

❗ May be subject to slippage in volatile markets

🟠 Limit Order

➡️ Set the desired price - the trade is only executed when the market reaches it

✔️ Greater control over entry and exit

❗ May not be executed if the price does not reach your target

🔴 Stop Loss Order

➡️ Automatically sell if the price drops to the level you specified

✔️ Protects from large losses

📌 Essential for risk management!

🟢 Take Profit Order

➡️ Secures profits when the price reaches the desired profit target.

✔️ Helps you realize profits without needing to monitor the market around the clock.

✅ Combine these options wisely for a balanced strategy. Don’t just trade, but trade with precision.