#OrderTypes101

🧾 Understanding Order Types — the foundation of sound trading in crypto. Let's explore the types of orders and when to use them.

🔹 **Market Order**

Executed instantly at the current market price. Suitable for urgent transactions but may lead to slippage during low liquidity.

🔹 **Limit Order**

You specify the price at which you want to buy or sell. The order is executed only if the market reaches that price. A great tool for those who want to control their entry/exit price.

🔹 **Stop Order**

Triggered only when a certain price is reached. Often used to limit losses or enter a position after breaking a level.

🔹 **Stop-Limit Order**

A combination of stop and limit: when the price reaches the trigger (stop), a limit order is created. More control, but there is a risk that the order may not be executed.

🔹 **OCO (One Cancels the Other)**

Two orders: if one is executed, the other is canceled. Perfect for setting TP and SL simultaneously.

⚙️ Choosing the right order = risk management + trading efficiency.