#OrderTypes101 In crypto trading, using the right type of order can be the difference between profit and loss. Here are the most common order types every trader should know:
🔹 Market Order:
Executes immediately at the current market price. Best for speed, not for precision.
🔹 Limit Order:
You set your price. The order only executes when the market hits your target. Ideal for planned entries and exits.
🔹 Stop-Loss Order:
Automatically sells your asset if it drops to a certain price. A key tool for managing risk.
🔹 Take-Profit Order:
Locks in profits when the price hits your target level. Perfect for disciplined exits.
🔹 Stop-Limit Order:
Combines stop and limit. Once a stop price is hit, it places a limit order instead of a market order—giving you more control.
🔹 Trailing Stop:
Moves with the market. Protects gains by triggering a sale if the price drops by a defined percentage.
Mastering these order types helps you trade smarter, manage risk, and stay ahead in the volatile world of crypto. 💡
