#OrderTypes101
🧠 #OrderTypes101 📈
Mastering crypto trading? Know your order types! Here's the quick rundown:
💰 Market Order
Buy/sell instantly at the current market price.
✅ Fast execution
❌ Price slippage in volatile markets
📍 Limit Order
Set a specific price to buy/sell. Executes only when the market hits your price.
✅ Control over price
❌ May not fill if price doesn’t reach
⛔ Stop Order (Stop-Loss)
Triggers a market order when the price hits a set level. Great for limiting losses!
✅ Risk management
❌ Can trigger in sudden dips
📉 Stop-Limit Order
Like a stop order, but triggers a limit order instead.
✅ More control than stop-loss
❌ Risk of not filling
🔄 Trailing Stop
Stop order that follows the price as it moves in your favor. Locks in profits!
✅ Flexible for trends
❌ Complex for beginners
Which order’s your go-to? 🚀 #CryptoTrading #TradingTips