#OrderTypes101 Understanding order types is essential in cryptocurrency trading. Below is the analysis:

1. Market Order:

Executed immediately at the current market price.

✅ I use this order when I want to enter or exit a trade quickly, especially in highly liquid markets.

2. Limit Order:

Executed only at a specific price or better.

✅ Great for setting buy or sell prices in advance. I use this order when I do not want to chase the market.

3. Stop-Loss Order:

Automatically sells a position if the price drops to a certain level.

✅ Important for risk management. I always set a stop-loss order to protect capital in highly volatile trades.

4. Take Profit Order:

Closes a trade when the price reaches a predetermined target.