#OrderTypes101 Mastering Crypto Trading Tools 🧠📈
In crypto trading, order types determine how your trade is executed — and using the right one can seriously impact your profits or losses. Here's a quick breakdown:
🔹 Market Order: Fast execution at current price. Best for urgent entries/exits but risky in volatile markets due to slippage.
🔹 Limit Order: You choose the exact price. Great for control and planning, but it may not fill if the market doesn’t reach your target.
🔹 Stop-Loss Order: Protects your capital by automatically selling if price drops to a certain level. Essential for risk management.
🔹 Take-Profit Order: Locks in profits when your target is hit. Ideal for planned exits and reducing emotional trading.