#OrderTypes101 #OrderTypes101
In crypto trading, knowing the different types of orders can make all the difference:
đč Market Order: immediate execution at the best available price. Ideal when speed is a priority, but be cautious of slippage.
đč Limit Order: allows buying or selling at a defined price. Useful for more control, but it may not execute if the price is never reached.
đč Stop-Loss Order: protects against large losses by automatically selling if the price drops to a certain level.
đč Take-Profit Order: locks in profits as soon as a target is reached.
đŻ Personally, I often use a Limit + Stop-Loss combo to manage my positions with discipline.
#OrderTypes101