#OrderTypes101

In crypto trading, different order types help traders manage their positions and risks effectively. The most common order types include Market Order, Limit Order, and Stop-Loss Order.

A Market Order executes immediately at the current market price. It’s ideal for quick entries and exits. A Limit Order allows traders to set a specific price for buying or selling. The order will only be executed when the market reaches that price. A Stop-Loss Order is a risk management tool that closes a position automatically when the price reaches a certain level, preventing heavy losses.

Many professional traders also use Take-Profit Orders to lock in profits at a certain level. Understanding these order types is essential for every trader to stay in control during market volatility.

Before using any order type in live trading, practice them on a demo platform and get familiar with how they function in real-time conditions