#OrderTypes101

Understanding the main types of orders in crypto trading! 📊🧠

Successful cryptocurrency trading starts with understanding how buy or sell orders are placed. Let's keep it short and simple! 💡👇

💰 Market Order

— Buy/sell instantly at the current market price.

✅ Fast

❌ Might not be the most favorable

📍 Limit Order

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

✅ Control over the price

❌ Might not execute if the market doesn't reach the price

⏳ Stop Order / Stop-Loss

— Activates when a certain price is reached. Often used to limit losses.

✅ Capital protection

❌ May trigger too late in a volatile market

📈 Take-Profit

— An order that automatically closes the position when profit reaches the desired level.

✅ Locking in profits

❌ Can "exit too early"