#OrderTypes101

Knowing how to buy and sell is just as important as knowing what you are trading. Let's explain in detail the four basic types of orders that every cryptocurrency trader should know:

🔵 Market Order

➡️ Instant buy/sell at the current market price

✔️ Fast execution

❗ May be subject to slippage in volatile markets

🟠 Limit Order

➡️ Set the desired price - the trade will only execute when the market reaches it

✔️ Greater control over entry and exit

❗ May not execute if the price does not reach your target

🔴 Stop-Loss Order

➡️ Automatically sell if the price drops to the level you set

✔️ Protects from large losses

📌 Essential for risk management!

🟢 Take Profit Order

➡️ Locks in profits when the price reaches the desired profit target.

✔️ Helps you realize profits without needing to monitor the market around the clock.

✅ Combine these options wisely for a balanced strategy. Don't just trade, trade accurately.