#OrderTypes101

Many beginners enter the crypto market without a good understanding of the different types of orders, which can lead to unexpected losses. The most important types of orders:

• Market Order: Executed immediately at the best available price.

• Limit Order: Executed only when the price reaches a specified value.

• Stop-Loss Order: Limits losses in case the price moves against you.

Understanding these orders and using them correctly improves your strategy and reduces risks. Personally, I use limit orders frequently to avoid slippage, especially with low liquidity currencies.