#OrderTypes101 When I started getting into cryptocurrencies, my biggest problem was that I couldn't buy or sell at the price I wanted. The orders that are executed 'instantly' (Market orders) seemed the easiest to me. But I quickly realized that when prices were rising and falling very quickly, or if the coin wasn't being bought and sold much, the final price would move without me wanting it to. This took away quite a bit of my profits. It was then that I set out to understand 'Limit' orders well. For me, learning to use them was a key moment. Now, if I don't have to buy or sell right away, I always place a Limit order. It allows me to wait for my ideal price and avoid having the price change without my consent, something that used to bother me a lot. Knowing how to use Limit orders well gave me much more control, making my trades much better and with less stress. I highly advise those who are starting out to take their time to understand them.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.