Order Types 101 💡 – Master the Basics Before You Trade
Understanding order types can make or break your trades. Here’s a quick guide:
🔹 Market Order – Buy/sell instantly at the best available price.
📌 Fast, simple, but less price control.
🔹 Limit Order – Set the price you want to buy/sell at.
📌 More control, but may not execute instantly.
🔹 Stop-Loss Order – Automatically sell if price drops to your set limit.
📌 Protects against big losses.
🔹 Take-Profit Order – Locks in profits when a target price is hit.
📌 Automates profit-taking.
🚀 Pro tip: Platforms like Binance let you customize these orders with precision!
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