#OrderTypes101

⸻

🔹 Market Order

👉 Buy or sell immediately at the best available price on the market.

✅ Executes quickly

❌ You might pay a higher price (or sell at a lower price) if liquidity is low

📌 Use when speed is more important than a precise price.

🔹 2. Limit Order

👉 You set the exact price at which you want to buy or sell.

✅ You have complete control over the price

❌ The order might never be executed if the market doesn't reach that price

📌 Great for patient traders who are waiting for a good opportunity.

🔹 3. Stop-Loss Order

👉 Automatically sells your position when the price falls to a certain level.

✅ Protects you from big losses

❌ Can be triggered by a short-term 'wick' (price spike)

📌 Used to control risk - every trader's best friend.

🔹 4. Take-Profit Order

👉 Automatically closes the position when you reach the desired profit.

✅ You lock in profit

❌ If you don't reach the target price, you don't sell

📌 Used to exit a position when you are satisfied with the earnings.

🔹 5. Stop-Limit Order

👉 A combination of stop-loss and limit orders: when the 'stop' price is reached, a limit order is automatically placed.

📌 A more advanced option for more precise risk management and entry/exit.

💡 Understanding orders helps you trade smarter, calmer, and without impulsive decisions.

📍Follow for more useful crypto lessons and strategies!