#OrderTypes101 : Precision Trading Essentials

Mastering order types is vital for effective crypto trading and risk management.

The Market Order executes instantly at the best available current price. It's fast, but actual fill price can vary due to slippage, especially in volatile markets.

For greater control, use a Limit Order. You set a specific price to buy or sell, and your order only fills if the market reaches that level. This lets you patiently target desired entry or exit points.

Stop-Loss Orders are crucial for risk. They trigger a market order (or a limit order with Stop-Limit) if the price hits your set level, helping to limit potential losses.

A Trailing Stop Order is dynamic. It automatically adjusts your stop-loss as the price moves favorably, allowing you to lock in profits while protecting against reversals.

Understanding these tools empowers you to trade with precision and manage your exposure effectively.

$XRP HAPPY Trading Everyone