#OrderTypes101 In cryptocurrency trading, types of orders determine how and when trades are executed on the exchange. The main types:
Market order: buying or selling at the current market price, executed instantly.
Limit order: setting a desired price for buying or selling, executed when the market reaches the specified price.
Stop order: activated when a certain price is reached to limit losses or secure profits.
Take profit: automatic sale when the specified profit is reached.
These orders help traders manage risks and strategies, adapting to the volatility of the crypto market.