#OrderTypes101

Knowing how to use the different types of orders is an essential skill in trading. A market order executes immediately at the best available price, making it ideal for those who prioritize speed. On the other hand, a limit order allows you to set the desired price for buying or selling, offering more control, but without a guarantee of immediate execution. There are also more advanced orders, such as stop-limit and stop-market, which are fundamental for protection against losses or for securing profits. Using the types of orders correctly helps to avoid common mistakes, improves your risk management, and makes your trades more efficient, especially in volatile markets like cryptocurrency.