#OrderTypes101 š§¾ #OrderTypes101
When trading crypto, using the right order type can save you moneyāor even protect you from losses.
š¹ Market Order: Instant execution at the current market price. Fast, but risky in volatile markets.
š¹ Limit Order: Set your price and wait. Great for control, but it might not get filled.
š¹ Stop-Limit Order: Combines a stop price (trigger) with a limit order. Ideal for risk management.
š¹ Stop-Market Order: Triggers a market order when the stop price is hitāperfect for exiting fast in a crash.
š¹ OCO (One Cancels the Other): Combines a take-profit and a stop-lossāwhichever hits first cancels the other.
Understanding these gives you a traderās edge. Donāt just click āBuyā or āSellāāchoose how to buy or sell.