#OrderTypes101 How do Market, Limit, Stop-Loss, and Take-Profit orders work?

#OrderTypes101

Understanding the types of orders is key to trading cryptocurrencies intelligently.

🔹 Market Order: Executes the buy or sell at the best available price. It is fast, but may experience slippage in volatile markets.

🔹 Limit Order: Allows you to set a specific price at which you want to buy or sell. It executes only if the market reaches that value, ideal for controlling your entry or exit.

🔹 Stop-Loss: It is a protection. Automatically sells an asset if it drops to a certain price, limiting your losses.

🔹 Take-Profit: The opposite. Closes the trade when a predefined profit is reached.

Strategically combining them can help you automate your plan and reduce the emotional impact on your decisions. Trading with logic will always be better than trading on impulse!