📈#OrderTypes101 : Master Your Orders! 📈
Want to level up your crypto trading? Let’s explore the 3 most common order types and why they matter:
🔹 Market Order
💡 Fast and simple – buy or sell at the current market price.
✅ Perfect for high liquidity and urgent trades.
❌ Not ideal when you’re picky about your price – you might pay more (or get less!).
🔹 Limit Order
💡 You choose the price you’re willing to pay (or sell at).
✅ Great for planning your trade and managing risk.
❌ Trade might not execute if the price doesn’t reach your target.
🔹 Stop-Loss Order
💡 A safety net to protect your gains or limit losses.
✅ Automatically sells your crypto if the price hits your set level.
❌ Doesn’t guarantee execution in fast-moving markets, but it’s a key risk management tool.
💡 Why care?
👉 The right order type can mean the difference between winning and losing.
👉 Market orders = speed.
👉 Limit orders = control.
👉 Stop-loss orders = protection.