#OrderTypes101 📊 – The Basics of Order Types in Crypto Trading
Understanding order types is essential for better managing trades and limiting risks:
🔹 Market Order
Immediate execution at the current price. Quick, but may lead to slippage (the gap between the expected price and the actual price).
🔹 Limit Order
You choose your buy or sell price. Perfect for entering or exiting the market with precision, without haste.
🔹 Stop-Loss Order
A shield against losses: it triggers an automatic sale if the price falls below a certain threshold.
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🎯 Properly using these orders = more control, less emotion, better risk management.