#OrderTypes101 Understanding Order Types in Crypto

Trading

When trading cryptocurrencies, it's important to understand different order types. The most common ones are market orders, limit orders, and stop-limit orders.

◆ A Market Order executes instantly at the current market price. It's used when speed is more important than price.

◆ A Limit Order lets you set the price you want to buy or sell at. The trade will only happen if the market reaches that price.

↑ A Stop-Limit Order is used to limit losses or lock in profits. You set a stop price, and once it's hit, a limit order is placed.

Choosing the right order type can help manage risk and improve your trading strategy. Beginners should practice and learn which type suits their goals best.

#OrderTypes101