📊 Types of Orders in Trading: Basics for Beginners
Many newcomers to the crypto market face confusion about the types of orders and how to use them. In fact, it's not that complicated. The most common are the market order and the limit order. A market order is executed instantly at the current price. It is suitable for those who want to quickly buy or sell an asset. A limit order, on the other hand, is executed only when the price reaches a specified level. This provides more control but does not guarantee execution. There are also stop orders, which help limit losses or secure profits. Understanding the difference between these types of orders is key to successful trading. Don't ignore this fundamental aspect. The better you understand the execution mechanism, the higher your chances of success.