#OrderTypes101 Understanding the Basics of Crypto Trading Orders

In crypto trading, using the right type of order can be the difference between profit and loss. Here are the most common order types every trader should know:

🔹 Market Order:

Executes immediately at the current market price. Best for speed, not for precision.

🔹 Limit Order:

You set your price. The order only executes when the market hits your target. Ideal for planned entries and exits.

🔹 Stop-Loss Order:

Automatically sells your asset if it drops to a certain price. A key tool for managing risk.

🔹 Take-Profit Order:

Locks in profits when the price hits your target level. Perfect for disciplined exits.

🔹 Stop-Limit Order:

Combines stop and limit. Once a stop price is hit, it places a limit order instead of a market order—giving you more control.

🔹 Trailing Stop:

Moves with the market. Protects gains by triggering a sale if the price drops by a defined percentage.

Mastering these order types helps you trade smarter, manage risk, and stay ahead in the volatile world of crypto. 💡