๐ #OrderTypes101
When trading crypto, knowing different order types is crucial for managing risk and executing strategy. A market order executes immediately at the best available price. A limit order lets you set a specific price at which you want to buy or sell โ great for precision. Stop-limit orders and stop-market orders are used to protect against losses or lock in profits when prices move against or in favor of you. Advanced order types like OCO (One Cancels the Other) allow you to combine strategies in a single setup. Learning when to use each order type can improve your trading outcomes.
