#OrderTypes101
Many beginners enter the crypto market without a good understanding of the different types of orders, which can lead to unexpected losses. Some of the most important types of orders:
• Market Order: Executes immediately at the best available price.
• Limit Order: Executes only when the price reaches a specified value.
• Stop-Loss Order: Limits losses if the price moves against you.
Understanding these orders and using them correctly improves your strategy and reduces risks. Personally, I use limit orders a lot to avoid slippage, especially with low liquidity coins.
