Understanding the different types of orders is a fundamental part of any trader looking to improve their strategy and manage their risks effectively. ⚙️

🔹 Market Order: Executes the trade immediately at the best available price. I use it when I need to enter or exit a trade quickly, especially during strong market movements.

🔹 Limit Order: Allows me to set the price at which I want to buy or sell. Very useful if I am targeting a specific price and want to minimize slippage.

🔹 Stop-Loss: An important tool to protect my capital from significant losses. I always place it below an important support level.

🔹 Take-Profit: Helps me secure profits automatically when the price reaches my target.

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#CryptoTrading #BNB