Understanding order types is key to trading crypto effectively and managing risk. The most basic is a market order, which executes instantly at the best available price—great for speed but vulnerable to slippage. A limit order lets you set your desired price, offering more control but no guarantee it will fill. Then there’s the stop-loss order, designed to automatically sell a position at a specific price to minimize losses. Advanced traders may use stop-limit or trailing stop orders for dynamic protection and profit capture. Mastering these tools helps you trade smarter, not just harder. Know your strategy, know your tools.
