#OrderTypes101 New traders lose money because they don't know how to use orders properly.

The 4 most important ones with simple examples I will put down here. This information helped me understand how they work, and I hope it will be useful to you.

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

Ideal if you want to enter quickly. But the price you see may vary from the price that gets executed.

- Example: "I want to buy BTC right now!", you place a market order, and it executes almost instantly.

2. Limit Order: You choose the price at which you want to buy or sell.

This operation executes only if the market reaches the price you have estimated. Very useful if you want to buy cheap or sell at a higher price.

- Example: BTC is at $104,000, you set a limit order at $110,000 and wait for BTC to reach that value.

3. Stop-Loss (or Stop Limit): Used to exit a trade if the price falls below a certain threshold, it protects your investment and becomes really useful if you don't want to get stuck in losses.

- Example: You bought BTC at $104,000. You set a stop at $100,000. If it falls, you sell automatically.

4. OCO (One Cancels the Other): Combines a limit order and a stop order. You set a profit target and a loss protection at the same time, literally opening two orders, and the one that reaches the selected threshold is the order that executes and cancels the other.

- Example: You bought at $106,000, you place a sell order if the price rises to $110,000 or sell if it drops to $104,000.

In conclusion, take this information into account to conduct your trades in the best way, protecting capital and maximizing profits.

What type of order do you use the most? I’m listening! $BTC $ETH