🎯 #OrderTypes101 | Know How You Place a Trade
When trading crypto (or any asset), it’s not just what you buy — it’s how you buy it. Here’s a quick breakdown of the main order types every trader should know. 🧠📉
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🔹 1. Market Order
⚡ Buys/sells instantly at the best available price.
✔ Fast execution
❌ May experience slippage
🧑🏫 Best for: Speed over precision
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🔹 2. Limit Order
🎯 Buy/sell at a specific price or better.
✔ Price control
❌ May not get filled
🧑🏫 Best for: Patience & strategy
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🔹 3. Stop-Loss Order
🛑 Automatically sells if price drops to a certain point.
✔ Protects against big losses
🧑🏫 Best for: Risk management
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🔹 4. Take-Profit Order
🎉 Automatically sells when price hits your profit target.
✔ Locks in gains
🧑🏫 Best for: Sticking to your plan
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🔹 5. OCO (One Cancels the Other)
🔁 Combines a stop-loss and take-profit. If one triggers, the other is canceled.
🧑🏫 Best for: Balanced exit strategy
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💡 Pro Tip: Using the right order type helps you stay in control — even when you're not watching the charts 24/7.
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