Orders: the magical buttons of the cryptocurrency exchange. Pressed — and you’re a trader?
When I first saw the words limit, market, stop-limit, I thought they were spells from crypto-magic. Spoiler: these are tools that will help you not to cry over charts (well, almost).
So, let's figure out what orders there are)))
MARKET (market) | Buys/sells at the current price | When you need to enter or exit quickly |
LIMIT (limit) | Places an order at your own price | To buy/sell more profitably, but not urgently |
STOP_LIMIT | Activated when the price is reached | To protect against sharp declines or to lock in profit |
A mini-guide in the style of “the buttons don’t bite”:
- If you are an emotional trader → start with a limit order. This way, you set the rules of the game.
- If you are in a hurry → a market order will save you from long deliberations.
- If you want to sleep peacefully → let the stop-limit order stand guard.
Orders are like filters on a photo: set them up correctly — and everything seems fine. If you don’t set them up — you get a surprise in your portfolio. #Order $BNB