#OrderTypes101

📘 #OrderTypes101 | Types of Trading Orders – Your Quick Guide 🚀

When entering the world of trading, whether in centralized or decentralized exchanges, it is important to understand the types of trading orders and how to use them correctly to achieve the best results and minimize risks.

🔹 Market Order:

The trade is executed immediately at the current market price. Ideal for speed, but it may expose you to slippage.

🔹 Limit Order:

You specify the price at which you want to buy or sell, and the trade is only executed if the price reaches that level. Ideal for controlling entry and exit points.

🔹 Stop-Loss Order:

Protects you from large losses, as it automatically closes your position at a certain price to minimize damage.

🔹 Take-Profit Order:

Automatically closes the trade when a certain profit level is reached.

💡 Example: If you are trading the BTC/USDT pair and bought at a price of 65,000 USDT, you can set a take-profit order at 68,000 and a stop-loss at 63,000 to protect against volatility.

📈 A smart trader does not take risks without a clear plan and using appropriate trading orders!

Do you use stop-loss orders regularly? 🤔

#Crypto #TradingTips #BTC #USDT