To successfully trade cryptocurrency, you need to understand the types of orders:
🔹 Market Order — an order to buy or sell at the current market price. Ideal for quick transactions! ⚡️💵
🔹 Limit Order — an order that is executed only at your specified price or better. Suitable for those who do not want to overpay! 🎯📉
🔹 Stop-Loss Order — helps limit losses. Automatically sells the asset when the price falls to a specified level. ⛔️📉
🔹 Take-Profit Order — automatically closes the deal when the desired profit is reached. The perfect option to lock in gains! 🤑✅
🔹 Stop-Limit Order — a combination of a stop order and a limit: activated only when a certain price is reached and executed at the limit price or better. 🛑➡️🎯
Understanding these orders will help better control risks and trade more effectively in the cryptocurrency market! 🚀
