#OrderTypes101 Order types determine how your trades are executed. Here are common types:

1. *Market Order*: Buy or sell at current market price.

2. *Limit Order*: Buy or sell at specified price.

3. *Stop-Loss Order*: Sell when price falls to limit losses.

4. *Take-Profit Order*: Sell when price reaches target profit.

5. *Stop-Limit Order*: Combination of stop-loss and limit orders.

These order types help manage risk and execute trades according to your strategy.

Which order type do you want to learn more about?

Here's how to use common order types:

1. *Market Order*: Use for immediate execution at current market price.

- Example: Buying 1 BTC at current market price.

2. *Limit Order*: Use for specific entry/exit points.

- Example: Buying 1 BTC when price drops to $30,000.

3. *Stop-Loss Order*: Use to limit potential losses.

- Example: Selling 1 BTC if price falls to $25,000 to limit loss.

4. *Take-Profit Order*: Use to lock in profits.

- Example: Selling 1 BTC when price reaches $40,000 to secure profit.

5. *Stop-Limit Order*: Use for precise control over execution price.

- Example: Buying 1 BTC when price drops to $30,000 (stop) and executing at $29,900 (limit).

These order types can help you:

- Automate trading strategies

- Manage risk

- Capture profits

Which scenario are you considering?