#OrderTypes101

📊 Understanding Crypto Order Types

When trading crypto, using the right order type helps you control how and when your trades are executed. Here are the most common types:

Market Order – Buys or sells instantly at the best available price. Fast but can experience slippage in volatile markets.

Limit Order – Lets you set the exact price you want to buy or sell at. The trade executes only if the market reaches that price. Ideal for more precise control.

Stop-Loss Order – Automatically sells your asset when the price drops to a certain level. Helps minimize losses during downtrends.

Take-Profit Order – Sells automatically when a target price is hit. Useful for locking in profits.

Stop-Limit Order – Combines a stop-loss and limit order. Once a stop price is triggered, a limit order is placed.

Understanding these order types is essential for risk management and strategic trading.