#OrderTypes101

Types of Basic Orders in Cryptocurrency Trading:

1. Market Order:

Buy or sell immediately at the best available price in the market. Fast but the price may change slightly.

2. Limit Order:

You set the price at which you want to buy or sell the currency, and the order is executed only if the price reaches that level.

3. Stop Order:

An order that is triggered only when the price reaches a certain point (stop price), often used to limit losses.

4. Stop-Limit Order:

Combines a stop order and a limit order, where when the stop price is reached, a limit order is activated at a price you specify.

5. Trailing Stop Order:

A stop order that automatically adjusts with price movement to achieve maximum protection and profitability.