๐ #OrderTypes101 โ Master the Basics of Trading Orders
Whether you're on a CEX or DEX, knowing your order types is key to smart trading. Hereโs a quick breakdown:
๐ข Market Order:
โฉ Executes instantly at the current market price.
โ Fast, but may suffer from slippage.
๐ Limit Order:
๐ฏ Set your price, wait for the market to match it.
โ Control over entry/exit, but not guaranteed to fill.
๐ด Stop-Loss Order:
๐ Automatically sells if price drops to your set level.
โ Helps protect your capital.
๐ฃ Take-Profit Order:
๐ฐ Automatically sells when price hits your target.
โ Locks in gains.
๐ Combine Stop-Loss + Take-Profit for better risk management!
๐ก Tip: Mastering order types is step one to becoming a disciplined trader.
Which order type do you use the most?
๐ Let us know in the comments!
#CryptoTrading #RiskManagement #Web3 #TradingTips #DYOR