#OrderTypes101
OrderTypes101: Know Your Orders, Trade Smarter
In crypto trading, using the right order type can make a huge difference. Here's a quick breakdown:
š¹ Market Order ā Buy/sell instantly at the current market price. Fast, but you may face slippage.
š¹ Limit Order ā Set your price and wait. Great for control, but not guaranteed to execute.
š¹ Stop-Limit Order ā A trigger-based order. Once your stop price hits, a limit order is placed.
š¹ OCO (One Cancels the Other) ā A smart combo: place two orders, and if one is filled, the other is canceled.
Understanding these helps you manage risk and execute your strategy with precision. ā