๐ #TradingTypes101
๐ฏ Letโs Learn: What is a Limit Order?
๐ก A Limit Order means:
You choose the price you want to buy or sell at โ not the current price.
Your trade will only happen when the market hits your chosen price.
๐ Example:
Want to buy $BTC
Bitcoin, but only if it drops to $50,000?
โ Set a limit buy order at $50,000.
Want to sell at $60,000 instead of now?
โ Set a limit sell order at $60,000.
โฑ๏ธ When to Use a Limit Order:
โ If youโre okay waiting for the price you want
โ If you want to buy lower or sell higher than the current price
โ Good Things About It:
You control the price
Great if you donโt want to chase the market
โ ๏ธ Things to Keep in Mind:
Your trade might not happen if the market doesnโt reach your price
๐ฌ Have you ever used a limit order before?
#CryptoForBeginners #LimitOrder #LearnToTradeCrypto #EasyTradingTips #CryptoMadeSimple