š #OrderTypes101: Master the Way You Trade
Whether youāre using a CEX or a DEX, understanding order types is key to taking control of your trades. Hereās a quick breakdown:
š¹ Market Order
Executes instantly at the best available price.
ā Fast
ā Slippage risk in volatile markets
š¹ Limit Order
Executes only at a specific price or better.
ā Precision control
ā Might not fill if the price isnāt reached
š¹ Stop-Loss Order
Automatically sells when the price drops to a set level.
ā Protects against big losses
ā Can trigger during short-term volatility
š¹ Take-Profit Order
Closes your trade once a target price is hit.
ā Locks in profits
ā May miss further upside
Smart traders donāt just pick tokensāthey pick the right order type for every move.