#CryptoSecurity101 Understanding the Different Types of Orders – Surviving in the Volatile Crypto Market!

Trading without knowing how to use the right types of orders is like "going into the forest without a knife". Below are 3 basic types of orders that every trader should know:

1. Market Order: Buy/sell immediately at the market price. Fast – but prone to slippage during strong volatility.

2. Limit Order: Set the price you want to buy or sell. Safer, but may not execute if the price does not reach it.

3. Stop-Limit Order: Combines both loss protection and profit taking. When the price hits the "stop", the order is triggered at the "limit" level. Extremely useful when you can't watch the charts 24/7.

Knowing how to choose the right type of order is an important part of risk management and optimizing profits.