#OrderTypes101

As you are new to the world of trading, it is essential to know that there are more than one type of "order" you can use when you buy or sell a stock or cryptocurrency. Each type has a different advantage and helps you control the timing and price of execution more. 🤓💡

Here are the main types:

🔹 Market Order

Buy or sell instantly at the best available price currently. Fast but not guaranteed to get the best price.

🔹 Limit Order

Specify the price at which you want to buy or sell. It will only be executed if the price reaches the limit you set. Ideal if you have a price target.

🔹 Stop Order

It turns into a market order when the price reaches a certain point. Useful for reducing losses when the market goes against you.

🔹 Stop-Limit Order

A combination of stop order and limit. When the price reaches a certain point, a limit order is executed at the price you choose.$BNB

💬 Advice for beginners:

Start with Market and Limit, and when you learn more about market movements, use Stop and Stop-Limit to protect your investments!