$BNB $XRP
📌 **Lesson Six: Types of Trading Orders – Not Every “Buy” is the Same! 🔄**
When you open a trading platform, you don’t just hit "BUY" and that’s it!
There are different types of orders, and each type has a specific function.
Let’s get to know the basic types:
🔹 **1. Market Order:**
You buy or sell immediately at the best available price.
✅ Fast – ❌ The price may change during execution
🔹 **2. Limit Order:**
You specify the price at which you want to buy or sell.
✅ Accuracy – ❌ Not always executed if the price doesn't reach
🔹 **3. Stop-Loss Order:**
You set an automatic order to exit the trade if the price falls below a certain level.
✅ Capital protection – ❌ Must be placed at a logical point, not too close
🔹 **4. Take-Profit Order:**
You set your target, and when the price reaches it, the trade closes automatically.
✅ Suitable for both amateurs and professionals
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🎯 **Why understand this?**
To control your trades even if you are not in front of the screen
And don’t let your emotions take control during volatility
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💬 Tell us:
Which type do you use the most?
And why do you feel comfortable with it in your strategy?
