#BigTechStablecoin Understand the different types of orders – survive in the volatile crypto market!

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

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

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

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

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