#OrderTypes101 Mastering different order types is key to trading smarter, not harder. 🧠📈
Here’s a quick guide to common crypto order types:
🔹 **Market Order** – Instantly buys/sells at the best available price. Fast but may have slippage.
🔹 **Limit Order** – Sets a specific price to buy/sell. Executes only when the market hits your price.
🔹 **Stop-Loss Order** – Automatically sells when the price drops to your set level, minimizing losses.
🔹 **Take-Profit Order** – Locks in gains by selling when the price reaches a target.
🔹 **OCO (One Cancels the Other)** – Combines stop-loss and take-profit in one setup.
Choosing the right order type helps manage risk and maximize returns.