#OrderTypes101
In cryptocurrency trading,
A market order is an instruction to buy or sell a cryptocurrency at the current market price. It's executed immediately, and the transaction is completed at the best available
A limit order allows you to set a specific price at which you want to buy or sell a cryptocurrency. The order is executed only when the market price reaches your specified price.
A stop-loss order is used to limit potential losses by automatically selling a cryptocurrency when it falls to a certain price. This can help protect your investment from significant losses.
A take-profit order is used to lock in profits by automatically selling a cryptocurrency when it reaches a certain price. This can help you secure your gains.
A stop-limit order combines the features of a stop-loss order and a limit order. When the stop price is reached, the order becomes a limit order, and it's executed at the specified limit price or better.
