JILANI09
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#OrderTypes101
In crypto trading, knowing the different types of orders can make all the difference:
🔴 Market Order: immediate execution at the best available price. Ideal when speed is a priority, but beware of slippage.
🔴 Limit Order: allows buying or selling at a defined price. Useful for more control, but it may not execute if the price is never reached.
🔴 Stop-Loss Order: protects against significant losses by automatically selling if the price drops to a certain level.
🔴 Take-Profit Order: locks in gains as soon as a target is reached.
Personally, I often use a combo of Limit + Stop-Loss to manage my positions with discipline.
In crypto trading, knowing the different types of orders can make all the difference:
🔴 Market Order: immediate execution at the best available price. Ideal when speed is a priority, but beware of slippage.
🔴 Limit Order: allows buying or selling at a defined price. Useful for more control, but it may not execute if the price is never reached.
🔴 Stop-Loss Order: protects against significant losses by automatically selling if the price drops to a certain level.
🔴 Take-Profit Order: locks in gains as soon as a target is reached.
Personally, I often use a combo of Limit + Stop-Loss to manage my positions with discipline.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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