Understanding different order types is essential for effective trading in any market, especially in crypto. A market order executes immediately at the current price, ideal for quick entries or exits but can result in slippage. A limit order lets you set a specific price — it only executes if the market reaches that level, giving you more control. Stop-loss orders help protect you from major losses by automatically selling if the price drops to a certain point. Take-profit orders lock in gains by selling when a target price is reached. Mastering these order types can significantly improve your trading outcomes.
