#OrderTypes101 Types of Orders in Crypto Trading #OrderTypes101

Orders are commands to buy or sell cryptocurrency. Let's break down the main types.

Limit Order Sets the price at which you want to buy or sell. For example, buying BTC at $60,000 if the price reaches that level. Executes only at the specified or better price. Suitable for precise trades, but may not work in low liquidity.

Market Order Buying or selling at the current market price. Executes instantly, but the price may vary due to volatility. Ideal for quick trades, but there is a risk of slippage.

Stop Order Activates when the price reaches a specified level. Stop-loss protects against losses, stop-limit is for entering a trade. For example, selling BTC if the price drops to $55,000.

Conclusion: Limit orders provide control, market orders provide speed, stop orders provide protection. Choose the type of order according to your strategy! #OrderTypes101

Disclaimer: This is not financial advice. Study the risks.