🔹 Order Types: Market, Limit & Stop-Limit
Understanding order types is key to managing your trades correctly. Each type helps you enter or exit the market based on your strategy.
🔸 1. Market Order
This order buys or sells immediately at the best available price.
🟢 Example: You want to buy BTC now at any price → You choose Market Order.
✅ Fast execution
❌ Less control over price (you get what the market offers)
🔸 2. Limit Order
This order lets you set the exact price at which you want to buy or sell. The trade only executes if the market reaches your chosen price.
🟢 Example: BTC is at $60,000. You want to buy at $59,000 → You place a Buy Limit Order at $59,000.
✅ More control
❌ It might not get filled if price doesn’t reach your level
🔸 3. Stop-Limit Order
This is used to protect yourself (stop-loss) or enter trades when price breaks a level.
🟢 Example:
BTC is at $60,000. If it drops to $58,000, you want to sell to avoid more loss → You place a Stop-Limit Sell Order at $58,000.
✅ Great for risk management
✅ Helps automate entries/exits
📌 In Part 4, we’ll look at the most common trading styles (Day Trading, Scalping, Swing...) and how to choose what fits you.
#Lesson1 #Part3 #OrderTypes #CryptoEducationNow #BinanceSquare
