#Liquidity101 ๐ OrderTypes101: Understand the Types of Orders in Trading! ๐ง
To be more efficient in trading, it is very important to understand the various types of orders available on the platform, both in CEX and DEX. Letโs discuss the most common ones! ๐
๐น Market Order
Buy/sell order executed at the current market price. Fast, but can be subject to slippage. Suitable for quick execution.
๐น Limit Order
Buy/sell order at a specific price that you set. Safer and more controlled, but may not be executed immediately.
๐น Stop Order (Stop-Loss / Stop-Limit)
Used to limit losses or lock in profits. Example: automatically sell if the price drops to a certain level. Essential for risk management!
๐น OCO (One Cancels the Other)
A combination of limit and stop orders. If one is executed, the other is canceled. Suitable for traders who want to anticipate two directions of movement.
Mastering order types is not just about technique, but also about discipline and strategy. ๐ช