#OrderTypes101 Understanding the types of orders is essential for trading cryptocurrencies efficiently. Market orders execute immediately at the best available price, making them ideal for speed. Limit orders, on the other hand, allow you to set the desired price, ensuring control but without guaranteed execution. There are also stop-loss orders, which sell automatically upon reaching a specific price, protecting against losses. Take-profit orders are the opposite: they close the operation upon reaching a determined profit. Each type of order has its strategic utility, and knowing how to combine them can make a significant difference in your results as a trader.