#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

➡️ 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 significant losses

📌 Essential for risk management!

🟢 Take Profit Order

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