#OrderTypes101

Here is a simplified explanation of the most common types of orders in trading:

1. Market Order: The order is executed immediately at the best available price. Suitable for those who want to enter or exit a trade quickly, but the price may not be ideal.

2. Limit Order: The order is executed only if the price reaches a certain level you specify. It gives you more control over the price, but it may never be executed if the market does not reach the desired price.

$ETH

3. Stop Order: It becomes a market order when the price reaches a certain limit. It is commonly used to limit losses or enter when a certain level is breached.

Each type has its use depending on your strategy#MyCOSTrade