#OrderTypes101 Understanding the types of orders is crucial for smart crypto trading. The most common types are market orders, limit orders, and stop-limit orders. A market order buys or sells instantly at the current price — it's quick but does not guarantee the best rate. A limit order allows you to set a specific price to buy or sell, which is ideal for planning entries or exits. Stop-limit orders are useful for risk management: they trigger a transaction only when a certain price is reached. I am currently experimenting with limit orders to avoid buying during sudden spikes and improve my trading discipline on Binance.
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