#OrderTypes101 🔍 Understanding Order Types in Crypto Trading – Guide #OrderTypes101
In the world of cryptocurrencies, choosing the right type of order can determine success or loss. The most basic order is the Market Order – it buys or sells immediately at the best available price. Ideal for those who want to enter or exit the market quickly.
On the other hand, a Limit Order allows us to set a specific price – the order will be executed only when the market reaches it. This is a great option if you want to buy cheaper or sell at a higher price than the current one.
We also have Stop-Loss, which automatically sells assets when the price drops – it protects against significant losses. On the other hand, Take-Profit closes the position when you reach a specified profit.
By knowing these tools, we can manage risk and emotions more effectively. Use them consciously, and trading will become less stressful and more predictable. ✅
