⚙️ Types of Trading Orders in Cryptocurrencies
🔹 Market Order 🏃
- Buy or sell immediately at the current price.
- Fast and easy, but it may be subject to price slippage ⚡.
🔹 Limit Order 🎯
- Specify the price at which you want to buy or sell.
- It may wait for execution until the desired price is reached ⏳.
🔹 Stop Loss Order 🛑
- Automatically sells the asset when the price reaches a certain limit to protect capital.
- Reduces losses in volatile markets ⚠️.
🔹 OCO Order (One Cancels the Other) 🔄
- Combines a limit order and a stop loss order in one trade.
- If one order is executed, the other is automatically canceled ✅.
- Useful for setting profit targets and protecting capital at the same time 💡.
🔹 Tip 💡
Make sure you understand how to set prices for each order to avoid incorrect execution ⚠️.
