#OrderTypes101
Order Types 101 – Master the Basics of Trading
Understanding order types is essential for managing risk and maximizing profits in #CryptoTrading. . Here's a breakdown 👇
🟢 Market Order
Executes immediately at the current market price.
🔵 Limit Order
Executes at a specific price or better.
🔴 Stop Order
Triggers a market order when a set price is hit.
🟠 Stop-Limit Order
Becomes a limit order when a set price is hit.
💰 Take-Profit Order
Closes a position automatically at a target price.
📉 Trailing Stop
Adjusts the stop price dynamically with market movement.
⚡ Fill-or-Kill (FOK)
Must be executed immediately in full or canceled.
📦 All-or-None (AON)
Order must be completely filled or not at all.
Every order type plays a strategic role in your trading plan.
Knowing how and when to use them = smarter trading decisions.
