#OrderTypes101

#OrderTypes101 In the world of cryptocurrency trading, knowing how to use the correct order types is essential to maximize profits and protect your capital. Let's unveil the four most common order types: Market, Limit, Stop-Loss, and Take-Profit.

🔹 Market Order

Executes the buy or sell immediately at the best available price. Ideal for those who want to enter or exit a position quickly, even with a small price variation. However, there may be slippage (the difference between the expected price and the executed price).

🔹 Limit Order

Allows you to set an exact buy or sell price. The order will only be executed if the market reaches the specified value. Excellent for those seeking precision and wanting to buy or sell at a specific price. However, there is no guarantee of execution.

🔹 Stop-Loss Order

Protects the trader from large losses. It is an order that activates when the price drops to a predetermined value, automatically selling the asset. An essential strategy in volatile markets, it preserves capital during downturns.