#OrderTypes101 "Trading without knowing how to use the right type of order is no different from '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 susceptible to slippage during high volatility.

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

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