💸 The most profitable order type 💸 | #OrderTyper101
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Did you know that the limit order is the most used by profitable traders? Here’s why 👇
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🔹 What is a limit order?
It’s when you choose the exact price at which you want to buy or sell. It doesn't execute immediately, but it gives you total control! 🎯
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✅ Advantages:
1️⃣ You enter at a better price
2️⃣ You avoid overpaying during times of high volatility
3️⃣ You can place strategic orders and let the market come to you
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💡 Example:
I want to buy $BTC but not at the current price ($105K), but at $102K.
I place a limit order… and if the price drops, it executes itself!! These are the first steps before creating your own trading bot!!
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🧠 Experienced traders prefer it because:
1️⃣ They don’t let emotions take over
2️⃣ They have a larger profit margin
3️⃣ They pay fewer fees on many exchanges 👀
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📣 Do you use limit orders or market orders?
Maybe you don't trade yet... take it easy... everything in its own time!!!
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