#OrderTypes101

Today we are discuss most important order types:

☑️ MARKET ORDER:

Definition: *Buy or sell a capital at current market price.*

Example: Buy 1 $BNB at current market price.(600$)

☑️ LIMIT ORDER:

DEFINITION: *Buy or sell a principal at a specific price.*

EXAMPLE: BUY A $BNB at specific price (580$)

☑️ STOP LOSS ORDER: *Automatically sell a principal when it falls below a specific price.*

EXAMPLE: *Sell $BNB when it falls below 500$*.

☑️ TAKE PROFIT:

DEFINITION: *Sell a principal when it reaches a specific price to lock in profit.*

EXAMPLE: sell $BNB when it price reaches 600 dollars.

☑️ TRAILING STOP:

DEFINITION: *Sell a principal when it falls below specific amount from its peak price.*

EXAMPLE: Sell $BNB when it's price falls below 10 percent from its from its peak price.

☑️ FILL OR KILL (FOK): Buy or sell a principal at a specific price with the entire order fill immediately or cancel.

EXAMPLE: BUY bnb at 500$ (FOK).

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