#OrderTypes101

. 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 is executed only when the market reaches it

✔️ Greater control over entry and exit

❗ May not be executed if the price does not reach your target

🔴 Stop Loss Order

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

✔️ Protects against significant losses

📌 Essential for risk management!

🟢 Take Profit Order

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

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

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