#OrderTypes101 Before placing your first trade, it's important to understand how you can place it. In crypto (and traditional markets), there are different order types — each with a specific purpose. Let’s break them down 👇

🔹 1. Market Order

Buy/sell instantly at the best available price.

✅ Fast execution

⚠️ Price may slip slightly in volatile markets

Use this when speed matters more than exact price.

🔸 2. Limit Order

Set the price you want to buy or sell at.

✅ You control the price

⚠️ Order may take time to fill (or might not fill at all)

Ideal when you’re targeting a specific entry or exit price.

🔹 3. Stop-Loss Order

Automatically sells your asset if it falls to a certain price.

✅ Helps reduce losses

⚠️ Doesn’t guarantee perfect execution in sudden crashes

A must-have for risk management.

🔸 4. Take-Profit Order

Automatically sells when price reaches a certain profit level.

✅ Locks in gains

⚠️ Might trigger early in fast-moving markets

Great for securing profits while you sleep.

🔹 Bonus: OCO (One Cancels the Other)

Set a stop-loss + take-profit together. When one triggers, the other is canceled.

📌 Knowing when and how to use these order types can make or break your trades.

Which order type do you use the most? Let us know 👇

#CryptoBasics #TradingOrders #CryptoEducation #CryptoTrading #MarketOrder #LimitOrder #StopLoss #TakeProfit #OrderTypes101 #TradingTypes101

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