#OrderTypes101
đ #OrderTypes101: Master the Basics Before You Trade
Every trader needs to know how to place the right order at the right time. Letâs break down the most common crypto order types:
đ˘Â Market Order
đš Buys or sells immediately at the current market price
â Fast execution
â Price may vary slightly (slippage)
đĄÂ Limit Order
đš You set the price you want to buy or sell at
â Better control over price
â May not get filled if the price doesnât reach your limit
đ´Â Stop-Limit Order
đš Triggers a limit order once a certain price is hit
â Useful for risk management
â Requires understanding two prices: stop & limit
đ Stop-Market Order
đš Triggers a market order once a stop price is reached
â Fast exit in volatile markets
â No price control once triggered
đĄÂ Pro Tip: Knowing when and how to use these orders can save you from emotional trading and big losses.
Are you a Market Order sprinter or a Limit Order sniper?
Comment below! đ
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