#OrderTypes101 In the crypto markets, understanding the types of orders is essential for properly managing entries, exits, and risks. The most common are:
• Market Order: executes the order at the best available price in the book. It is immediate, but it may involve slippage in illiquid markets.
• Limit Order: allows defining the exact price for buying or selling. It only executes if the market reaches that level. Ideal for price control, but with no guarantee of execution.
• Stop-Loss Order: activates when the price reaches a defined value. It is used to limit losses. It can be stop-market (immediate execution at the market price) or stop-limit (with a defined limit price).
• Take-Profit Order: similar to the stop, but to secure profits upon reaching a profit target.
Understanding when and how to use each type of order optimizes strategy and minimizes risks, especially in volatile assets.