#Ordertype101
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📊 Order Types 101: Master the Basics #OrderType101
Knowing how to place the right order can make or break your trade. Here are the most common types:
🟢 Market Order
Executes immediately at the best available price.
✅ Fast
⚠️ Slippage risk
🟡 Limit Order
You set the price. It only executes when the market reaches it.
✅ Price control
⚠️ Might not fill
🔴 Stop-Loss Order
Designed to limit losses. Triggers a market order once a set price is hit.
✅ Risk management
⚠️ May execute below stop price in volatile markets
🔵 Take-Profit Order
Locks in gains when a target price is hit.
✅ Profit booking
⚠️ Market may exceed target
🎯 Pro tip: Use limit + stop for better control in volatile markets.
Which order type do you use most? Let’s talk 👇
#CryptoTrading #DeFi #InvestingBasics