#OrderTypes101

The hashtag #OrderTypes101 refers to an introduction or beginner's guide to different types of orders used in trading — whether in traditional markets, centralized exchanges (CEXs), or decentralized exchanges (DEXs). Understanding order types is essential for effective trading and risk management.

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🧾 Basic Order Types Explained

1. Market Order

Definition: Buy or sell immediately at the best available price.

Use Case: You want to enter/exit a position quickly.

Pros: Fast execution.

Cons: Slippage (especially in low-liquidity markets).

2. Limit Order

Definition: Buy or sell at a specific price or better.

Use Case: You want to control the price at which you buy or sell.

Pros: Price control.

Cons: May not be filled if price isn’t reached.

3. Stop Order / Stop-Loss

Definition: Becomes a market order once a set price is hit.

Use Case: Minimize losses