If you are new to the world of #crypto , understanding the types of trading orders is essential to avoid costly #FOMO mistakes! Below is a quick guide to help you master the basic order types on the exchange:
1. 🟢 Market Order
You want to buy/sell immediately at the best available price on the exchange.
✅ Advantage: Fast.
❌ Disadvantage: Cannot control the price, prone to slippage during high market volatility.
2. 🟡 Limit Order
You place a buy/sell at a specific price. The order only executes when the market hits that price.
✅ Advantage: Good price control.
❌ Disadvantage: May not execute if the market doesn't hit your set price.
3. 🔴 Stop Order
Set a price to cut losses or take profits when the market goes against expectations.
🛑 When the market price reaches the level you set, the market order will be triggered.
➡ Example: Buy $BTC at $130k, set stop-loss at $128k to avoid deeper losses.
4. 🔁 Stop-Limit Order
It is a combination of stop and limit: When it reaches the stop price, a limit order will be placed.
📌 More refined than a regular stop order, but may not execute if the market is too fast.
5. 🧊 Trailing Stop Order
Trailing stop order. When the price rises, the stop-loss level will automatically adjust.
⛓ Very suitable for protecting profits without needing to monitor 24/7.
📌 Note for beginners:
Don't "market order" all your capital when the market is highly volatile.
Always set a stop-loss – you're not a superhero!
Get familiar on the testnet before playing for real.
Don't place random orders when... you're losing your calm! 🧘
🎓 Understanding order types = controlling risk. Be a strategic trader, not a gambler placing bets!
