#OrderTypes101

Order Types 101 in Cryptocurrency

To understand trading in cryptocurrencies, it is essential to know the types of orders (Order Types).

The basic type is a Market Order, which is executed immediately at the best available price. Ideal for speed, but it may be affected by volatility.

A Limit Order allows you to set the price at which you want to buy or sell, but it is only executed if the market reaches that price.

A Stop-Loss Order is used to minimize losses, as it automatically triggers a sale at a certain price.

There is also a Stop-Limit Order, which combines a stop order and a limit order to precisely set the execution price.

Understanding these types helps you control your trades and reduce risks.

Start with the market, then try the limit orders with a clear plan.