#OrderTypes101
Know Before You Trade!
Jumping into crypto trading without understanding order types is like driving without knowing how the brakes work. š
Letās break down the 3 most common order types every beginner should know:
š¹ Market Order ā Want it now? This buys or sells instantly at the best available price. Great for speed, but you might pay more (or sell for less) than expected.
š¹ Limit Order ā You set your price, and wait for the market to match it. More control, less risk, but patience is key.
š¹ Stop-Limit Order ā Protects your profits or limits losses. When the price hits a certain point (the stop), it triggers a limit order. Smart risk management tool!
š” Pro Tip: Always know which order type matches your goalāspeed, control, or protection.
Which order type do you use most often, and why?
Letās help beginners trade smarter! š