#OrderTypes101
#OrderTypes101
Understanding order types is crucial in crypto trading. The two main types are market orders and limit orders. A market order executes immediately at the best available price, which is great for quick buys or sells but might come with price slippage in volatile markets. On the other hand, a limit order allows you to set the price at which you want to buy or sell. The order will only execute if the market hits that price. This gives you more control but no guarantee it will be filled. Choosing the right order type based on your strategy and market conditions can significantly affect your trading results. Know your goals—speed or control?
