🔍 Deep Analysis: Fundamentals of Crypto Trading

📘 Topic 3: #OrderTypes101

Choosing the right order type can be the difference between a successful trade and an unexpected loss. Here I explain the most important ones 👇

🟢 Market Order:

Executes at the current price.

✅ Fast and useful in high volatility.

❌ Less control over the exact price.

📘 Limit Order:

Only executes at the price you choose or better.

✅ Perfect for buying cheap or selling high.

❌ May take time or not execute if the price doesn't reach.

🛑 Stop-Loss:

Automatically closes a trade if the price drops to a certain level.

✅ Key for managing risks.

❌ Poorly set, it may trigger on a false breakout.

🎯 Take-Profit:

Closes the trade when your profit target is reached.

✅ Secures profits before a reversal.

❌ May limit gains if the market continues to rise.

💡 My favorite? Limit order + stop-loss. It gives me entry control and security in case of an unexpected drop.

📈 Real example:

A few months ago, I placed a limit order to buy $ETH at $1,700 and added a stop-loss at $1,620. The price dropped, executed the purchase, bounced back strongly, and I achieved an excellent trade with low risk. Without the stop, it could have been disastrous.

👉 What type of order do you use the most and why?

Share your experience with #OrderTypes101 and earn points from the Binance app! 🚀📲