#OrderTypes101

Different Order Types in Crypto Trading.

Market Order: Executes instantly at the current market price. Best for quick trades but may face slippage.

Limit Order: Allows you to set a specific price to buy or sell. It executes only when the market reaches your price, offering better control.

Stop-Loss Order: Automatically sells an asset when it drops to a set price, helping minimize losses during sudden downturns.

Take-Profit Order: Sells an asset when it reaches a predefined profit level, securing gains without constant monitoring.

Stop-Limit Order: A combination of stop and limit orders. Once the stop price is triggered, a limit order is placed instead of a market order.

Trailing Stop Order: Moves with the market price, locking in profits while still allowing upside movement.