#OrderTypes101

Hello, esteemed community.

A brief survival guide in the crypto world! To survive means to have the right to wealth!!!

In the crypto world, the wind is always blowing, pushing the next batch of people towards a bull market, as a result, 90% of them either lose everything or break down psychologically.

Only two types of people survive: either those who understood the rules early or those who stepped on many rakes and still stubbornly hold on.

Today, let's just talk about the toughest survival rules in blockchain; only those who survive have the right to talk about wealth, without relying on luck.

Understanding order types on the exchange.

Let's break it down:

Market Order

Buying or selling at the current price. Executed instantly.

There may be slippage!!!

Limit Order

You set the buying or selling price yourself.

May not be executed if the market does not reach that price.

Stop Order

Used to limit losses or enter on a trend.

When the price reaches the set level, it activates as Market or Limit.

Stop-Limit Order

A combination of stop and limit.

Before making trading decisions, it is better to consult your advisor.

Good luck, friends.