#OrderTypes101
Order Types 101: The Basics of Crypto Trading
When trading crypto, knowing the main order types helps you buy or sell smarter. Here's a quick breakdown:
🔹 Market Order
Buys or sells immediately at the current price.
Fast, but price may vary slightly.
Best for quick trades.
🔹 Limit Order
You set the price.
Trade happens only when the market hits your price.
Great for control and planning.
🔹 Stop-Loss Order
Automatically sells if price drops to a set level.
Helps limit losses in a falling market.
🔹 Take-Profit Order
Sells when the price hits your target profit.
Locks in gains automatically.
Understanding these order types gives you better control, risk management, and strategy in the crypto market.