#OrderTypes101

Perhaps, if you got involved in this cryptocurrency trading, it is worth understanding that there are different types of orders, and this affects both the mood and... the losses. There is a market order — it is executed immediately at the current price. Fast, simple, but often not profitable. The price can jump, and you might buy at a higher price than you wanted or sell at a lower price. There is a limit order — you specify the price yourself. Convenient if you are not in a hurry and are ready to wait. But there's a downside — the price may never reach your order. You stand and wait... and the market has already run away.

There are also stop orders, but honestly, it's better for a beginner not to deal with this for now. Otherwise, you might accidentally sell everything, getting scared by some noise.

And the most profitable type of trading for a beginner is still limit orders. They allow you to control the entry and exit price, which means — losses. Slowly, carefully, but calmly. Yes, it’s not as fun as with others, but at least your tail is intact. In crypto, the main thing is not to rush. The market will outplay everyone anyway, but let it not be you.