#OrderTypes101

I'm gonna explain the different order types so that even people who are not familiar with crypto would understand me. Market order is an order that is to be implemented at this moment based on the market price at the instant it is ordered. You only use it to buy and sell at the current price. The comes limit which is more flexible and let's you set any price to buy or sell. It is more flexible but it will only get implimented once the price reaches that point. The next two are very important. A person who doesn't use stop lossis bound to lose all his money. It's like sky diving without a parachute. One mistake and you're dead. No second chances. Take profit is your biggest weapon if you can use ot properly. It maximazes your gain and saves you a great deal of time. You don't have to monitor the prices every second if you have take profit on.