#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 types of orders that every cryptocurrency trader should know:

🔵 Market Order

➡️ Immediate 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 will not execute unless the market reaches it

✔️ Greater control over entry and exit

❗ May not execute if the price doesn’t reach your target

🔴 Stop Loss Order

➡️ Automatically sells if the price drops to the level you set

✔️ Protects from large losses

📌 Essential for risk management!

🟢 Take Profit Order

➡️ Locks in profits when the price reaches the desired profit target.

✔️ Helps you secure profits without the need to monitor the market around the clock.

✅ Combine these options wisely for a balanced strategy. Don’t settle for less.