#OrderTypes101
In crypto trading, understanding order types is essential to executing your strategy effectively. The main order types include Market Order, Limit Order, Stop Order, and Stop-Limit Order.
A Market Order executes instantly at the best available price.
A Limit Order sets a specific price; it only executes when the market reaches that price.
A Stop Order triggers a market order once a set price is hit.
A Stop-Limit Order combines both, placing a limit order after a stop price is reached.
Using the right order type helps manage risk, control entry/exit points, and improve trading efficiency.