#OrderTypes101 #OrderTypes101 – Mastering the Basics of Trading Orders

Understanding order types is essential for anyone entering the world of crypto or stock trading. Let’s explore the key order types every trader should know under the hashtag #OrderTypes101.

1. Market Order:

A market order executes immediately at the best available price. It's simple and fast, making it ideal for beginners or traders who need instant execution. However, price slippage can occur during high volatility.

2. Limit Order:

A limit order allows you to set the exact price at which you want to buy or sell. It won’t execute until the market reaches your specified price. This gives you more control, but there’s no guarantee the order will be filled.

3. Stop Order / Stop-Loss:

This order is triggered once the price hits a certain level. For example, a stop-loss order automatically sells your asset if the price drops to your set level—helping to minimize losses.

4. Stop-Limit Order:

A hybrid between stop and limit orders, this order gives you both a trigger price and a limit price, offering more control during volatile market conditions.

Knowing when and how to use these order types can drastically improve your trading results. It’s not just about buying low and selling high—it’s about executing your trades the smart way.