#OrderTypes101

Hello friends!

In crypto trading, it's not only about what you buy, but also how you do it. Understanding the types of orders is the foundation of a successful strategy. Let's break it down.

Market Order

Ideal for urgent trades. Opens at the current price.

Fast, simple.

Slippage may occur.

Limit Order

You set the price for buying or selling.

Control over the price.

However, there is also the fact that the order may not be executed due to market volatility.

Stop-Loss (SL)

Protection against losses. Automatic sale if the price falls to a specified level.

Reduces risks.

It's important to choose the SL level correctly.

Take-Profit (TP)

Locking in profits at a pre-set price.

Automatic execution of the goal.

Don't set TP too close, as you may miss out on growth!

I use Limit Orders more.

What do you like and use more often?