#OrderTypes101 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:

๐Ÿ”น Market Order:

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

๐Ÿ”น Limit Order:

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

๐Ÿ”น Stop-Loss Order:

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

๐Ÿ”น Take-Profit Order:

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

๐Ÿ”น Stop-Limit Order:

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

๐Ÿ”น 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. ๐Ÿ’ก