#OrderTypes101

@Follow&Like

Different trading order types are forms of trading strategies implemented to help an investor manage their risk and execution of plans in trading. Market orders are one trading order type that is popular and gets executed immediately at the current price. Absolute price orders aka limit orders are executed only when a quoted price is met or better. Stop-loss orders limit the loss to a certain set amount by executing a stop sell when a predefined price limit is set, whereas stop-limit orders are combinations of stop and limit for more complex functionality at control. Trailing stops are enabled so as to lock in certain value while price moves, therefore a gain is set. When there is an understanding of these orders, crypto traders change their strategies as they are more volatile as compared to other assets. With right crypto traders, excessive losses can be averted by picking the right option at the right time and creates a learning opportunity for traders that can be very profitable.